When selecting an insurer, the insurer's financial strength is of relatively low importance because insurance benefits are guaranteed by the federal government.

Name: When selecting an insurer, the insurer's financial strength is of relatively low importance because insurance benefits are guaranteed by the federal government.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The insurer's financial strength is very important because insurance benefits are not guaranteed by the federal government; they depend on the insurer's ability to pay claims.

When Selecting an Insurer, the Insurer's Financial Strength Is of Relatively