Group insurance is a type of private insurance that anticipates that a large group of individuals will purchase insurance through their employer and the risk is spread among those paying individuals.

Question

Quizplus · Accepted Answer

Group insurance is indeed a form of private insurance where coverage is provided to a group of individuals, typically employees of a company, where the risk and cost of insurance are spread across all members of the group. This allows for more favorable terms than individual policies.

Group Insurance Is a Type of Private Insurance That Anticipates