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 risk control strategy that encourages taking action to reduce the likelihood of a loss occurring. a risk control strategy that encourages taking action to reduce the likelihood of a loss occurring. a program that manages risk by avoiding it a program that manages risk by avoiding it a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event

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