Question

What distinguishes Group Insurance from individual insurance?

a.

Group insurance covers individuals with single policies.

b.

Group insurance covers only employees of an organization.

c.

Group insurance provides coverage to a group of people.

d.

Individual insurance is administered on a group basis.

Posted under IC 89 Management Accounting

Answer: (c).Group insurance provides coverage to a group of people. Explanation:Group insurance is an insurance plan that covers a group of people, such as members of societies, employees of an organization, or professionals in a common group.

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Q. What distinguishes Group Insurance from individual insurance?
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