3 Questions
What is the main purpose of insurance according to the text?
To protect the insured from loss
How is healthcare insurance defined in the text?
A contract to reimburse policyholders for medical costs
What do insurance companies provide in exchange for premiums according to the text?
Guarantee payment for unforeseen events
Explore the concept of insurance as a contract that protects the insured from loss, and health insurance as a policy that covers the cost of medically necessary treatment. Learn about the role of insurance companies and policyholders in providing financial security in unexpected situations.
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