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      Question

      What is the term for the insurance that the insurance

      company buys for its own insurance?
      A General Insurance Correct Answer Incorrect Answer
      B Life Insurance Correct Answer Incorrect Answer
      C Re- Insurance Correct Answer Incorrect Answer
      D Public Insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.

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