Which of the following statements regarding private insurance and government insurance is (are)true?
I.Private insurance programs include life and health insurance and property and liability insurance.
II.Social insurance programs are government insurance programs that are voluntary and financed entirely by contributions from covered employers
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true as it correctly identifies private insurance programs such as life and health insurance, property and liability insurance, etc. 
However, statement II is false as social insurance programs are government insurance programs that are mandatory and financed by both covered employers and employees, not voluntary and financed entirely by contributions from covered employers.

Which of the Following Statements Regarding Private Insurance and Government