Q176
Which of the following statements is correct?
A.
In group insurance, a single policy is issued covering many persons
AnswerB.
In group insurance, a single policy is issued covering many persons
C.
Both the statements above are correct
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
In group insurance, a single policy is issued covering many persons. Examples are holders of the same credit card, savings bank account holders of a bank or members of the same social or cultural association.