Question

    A policy that is made mandatory for the customer to buy

    is called?
    A Annuity Correct Answer Incorrect Answer
    B Compulsory Cover Correct Answer Incorrect Answer
    C Pure Life Annuity Correct Answer Incorrect Answer
    D None of the Above Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Compulsory insurance is any type of insurance an individual or business is legally required to buy. Compulsory insurance is mandatory for individuals and businesses that want to engage in certain financially risky activities, such as operating an automobile or operating a business with employees.

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