Chapter 1 Flashcards
idk
1
Q
Which type of private insurance is cheapest?
A
Mutual company (the one owned by the policyholders)
2
Q
What is the main point of insurance?
A
To spread risk
3
Q
What kind of losses does insurance cover?
A
Accidental (no duh)
4
Q
What are the 3 types of insurance coverages?
A
Automobile, property, liability
