Question
When an insurance company needs to provide a payout, the money is removed from
the consumer’s income.
a bank loan.
a pool of funds.
the consumer’s account.
the consumer’s income.
a bank loan.
a pool of funds.
the consumer’s account.
Answers
Answered by
GPT-5 mini
a pool of funds.
Insurance companies pay claims out of the collective pool of premiums and reserves they hold, not directly from an individual consumer’s income or account.
Insurance companies pay claims out of the collective pool of premiums and reserves they hold, not directly from an individual consumer’s income or account.
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