What is Insurance Quiz

Question 1 of 2

1. Question

How does insurance provide financial protection and stability related to a person’s risk?

1. It transfers the risk to the insured.

2. It transfers the risk to the insurer.

3. It eliminates the risk altogether.

4. It minimizes the risk.

Correct

Incorrect
Question 2 of 2

2. Question

If an insured event occurs, what can the insured expect?

1. To be put in a better financial position.

2. To be put in a worse financial position.

3. To be put back in the same financial position.

Correct

Incorrect