Which of the following statements regarding private insurance and government insurance is (are)true?
I.Private insurance includes life and health insurance and property and liability insurance.
II.All government insurance is social insurance.

Question

Quizplus · Accepted Answer

Private insurance includes different types of coverage such as life and health insurance and property and liability insurance. Government insurance includes both social insurance (such as Social Security and Medicare) and other types (such as flood insurance provided by the National Flood Insurance Program). Therefore, statement I is true and statement II is false.

Which of the Following Statements Regarding Private Insurance and Government