Most insurance sold in the United States is required by law.

Question

Quizplus · Accepted Answer

While certain types of insurance, such as auto liability insurance and, in most cases, health insurance, are required by law in the United States, not all insurance sold is legally mandated. Many forms of insurance, like life insurance, homeowners insurance, and various types of personal or business insurance, are optional and purchased based on individual needs and risk assessments.

Most Insurance Sold in the United States Is Required by Law