Question

How is Group Insurance defined?

a.

An insurance plan that covers only individuals

b.

An insurance plan that covers a specific profession

c.

An insurance plan that covers a group of people, such as employees or members of societies

d.

An insurance plan that covers only the elderly

Posted under IC 89 Management Accounting

Answer: (c).An insurance plan that covers a group of people, such as employees or members of societies 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. How is Group Insurance defined?
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