Which of the following is a correct statement about insurance?
A) Private sector provides about one-third more personal insurance than the government.
B) A private insurer can be classified as either a life/health or a property/casualty insurer.
C) Our society has elected to provide certain levels of death, health, retirement, and unemployment insurance on an involuntary basis through private agencies.
D) If we desire to supplement the benefit levels of social insurance or to buy property/casualty insurance, government insurers provide the protection.
E) Most private insurance is purchased involuntarily.
Correct Answer:
Verified
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