The correct definition of insurance from the provided options is:
a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event.
Which defines insurance?(1 point)
Responses
a program that manages risk by avoiding it
a program that manages risk by avoiding it
a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
an agreement between two individuals to protect each other against negative events
an agreement between two individuals to protect each other against negative events
a risk control strategy that encourages taking action to reduce the likelihood of a loss occurring.
1 answer