Question

Which defines insurance?(1 point) Responses an agreement between two individuals to protect each other against negative events an agreement between two individuals to protect each other against negative events a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event a program that manages risk by avoiding it a program that manages risk by avoiding it a risk control strategy that encourages taking action to reduce the likelihood of a loss occurring.

Answer 1

[AI-generated answer — Bot GPT 3.5]

a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event

Answer 2

What is a premium?(1 point) Responses the amount paid by the policyholder before the insurance policy starts paying on the claim the amount paid by the policyholder before the insurance policy starts paying on the claim the amount paid by the policyholder to the insurer on a regular basis for the policy the amount paid by the policyholder to the insurer on a regular basis for the policy the maximum amount a policy will pay out in any one year the maximum amount a policy will pay out in any one year the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached

Answer 3

[AI-generated answer — Bot GPT 3.5]

the amount paid by the policyholder to the insurer on a regular basis for the policy

Answer 4

What is a deductible?(1 point) Responses the amount paid by the policyholder before the insurance policy starts paying on the claim the amount paid by the policyholder before the insurance policy starts paying on the claim the maximum amount a policy will pay out in any one year the maximum amount a policy will pay out in any one year the amount paid by the policyholder to the insurer on a regular basis for the policy the amount paid by the policyholder to the insurer on a regular basis for the policy the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached

Answer 5

[AI-generated answer — Bot GPT 3.5]

the amount paid by the policyholder before the insurance policy starts paying on the claim

Answer 6

What is an individual health plan? (1 point) Responses Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families. A selection of health plans offered to an employee by the employer.  A selection of health plans offered to an employee by the employer.  A selection of plans offered by the government.  A selection of plans offered by the government.  The largest market sector of the health care insurance industry

Answer 7

[AI-generated answer — Bot GPT 3.5]

Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.

Answer 8

Which is the largest health care program in the United States?(1 point) Responses The ACA The ACA DOD TRICARE DOD TRICARE Medicare Medicare Medicaid

Answer 9

[AI-generated answer — Bot GPT 3.5]

Medicare

Answer 10

[AI-generated answer — Explain Bot]

The correct answer is: a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event.

To find the answer to this question, you can break it down into smaller parts. Start by determining what insurance is. Insurance is a concept or system that provides financial protection against loss or harm caused by a possible event.

Next, look at the options provided and match them with the definition. The option that matches the definition is "a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event."

Remember to carefully read the options and compare them with the definition to ensure you choose the correct answer.