Author Question: Which of the following is an example of private insurance? A) unemployment insurance B) Social ... (Read 102 times)

rmenurse · **on:** Jul 11, 2018

Which of the following is an example of private insurance?

A) unemployment insurance
B) Social Security
C) life insurance
D) federal deposit insurance

Question 2

An insurance company that sells earthquake insurance in an area where earthquakes are possible has subjected itself to the risk of insolvency if a severe earthquake occurs.

An insurer can safely sell earthquake insurance in this area if it shifts the risk of catastrophic loss to another insurer. The shifting of insured risk from one insurer to another insurer is called
A) underwriting.
B) casualty insurance.
C) coinsurance.
D) reinsurance.