Insurance Coverage Is an Example of Risk Transfer

question 22

True/False

Insurance coverage is an example of risk transfer.

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Definitions:

Counterinsurgency

A military or political action taken to combat guerrilla warfare and insurgency.

Limited Test Ban Treaty

A 1963 agreement that prohibited nuclear weapons tests in the atmosphere, in outer space, and under water to slow the arms race and prevent environmental contamination.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies from the late 1940s to the early 1990s, characterized by threats, propaganda, and other measures short of open warfare.