What type of insurance is purchased by neither the insured party nor the insurer?

A) Individual
B) Commercial
C) Group
D) Personal
E) Casualty

Question

What type of insurance is purchased by neither the insured party nor the insurer?A)  IndividualB)  CommercialC)  GroupD)  PersonalE)  Casualty

Ashley Mendenall · Accepted Answer

Final Answer : C, Explanation :  Group insurance is typically purchased by an entity or organization, such as an employer, for the benefit of its members or employees, rather than by the insured individuals themselves or the insurer.

What type of insurance is purchased by neither the insured party nor the insurer?

A) Individual
B) Commercial
C) Group
D) Personal
E) Casualty

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Learning Objectives

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