Insurance and Healthcare Quiz
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Questions and Answers

What is the purpose of insurance according ?

  • To guarantee payment for routine check-ups
  • To protect the insured from loss (correct)
  • To increase the cost of healthcare services
  • To provide free medical treatment to everyone

    • What is the main function of healthcare insurance as explained in the text?

  • To reimburse policyholders for medically necessary treatment (correct)
  • To provide free medical services to all individuals
  • To generate profits for healthcare professionals
  • To increase the burden of healthcare costs on individuals

    • Which of the following is NOT given as an example of an unforeseen event in insurance contracts in the text?

  • Illness
  • Death
  • Routine Check-ups (correct)
  • Accident

    • What is the primary role of an insurance company in an insurance contract?

    <p>Guaranteeing payment for unforeseen events</p> Signup and view all the answers

    How are healthcare insurance and health insurance defined in the text?

    <p>A contract to reimburse policyholders for medical treatment costs</p> Signup and view all the answers

    What is the purpose of paying premiums in an insurance contract?

    <p>To secure protection from potential losses or unforeseen events</p> Signup and view all the answers

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