Econ Flashcard

Front

What is insurance?

Back

Contract providing protection against a possible loss.

Front

True/False A beneficiary is the one who bought the life insurance.

Back

False

Front

What is health insurance?

Back

It provides for some of your health care expenses.

Front

True/False Making an insurance claim is not a good idea when you total your car.

Back

False

Front

True/False Social security helps people in retirement.

Back

True

Front

True/False Affordable care act makes health care more expensive.

Back

False

Front

True/False Medicare and Medicaid are the same thing.

Back

False

Front

Who regulates the insurance industry in North Carolina?

Back

NC commissioner of insurance.

Front

True/False You are required by law to have car liability insurance in NC.

Back

True

Front

True/False You are required by law to have renters insurance.

Back

False