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    Question

    What is the term for insurance that covers a defined

    group of people, such as the members of a society, professional association, or the employees of a particular employer?
    A Individual Insurance Correct Answer Incorrect Answer
    B Personal Insurance Correct Answer Incorrect Answer
    C Collective Insurance Correct Answer Incorrect Answer
    D Group Insurance Correct Answer Incorrect Answer
    E Corporate Insurance Correct Answer Incorrect Answer

    Solution

    An insurance that covers a defined group of people, for example the members of a society or professional association, or the employees of a particular employer is termed as Group Insurance.

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