Which of the following is NOT a main category of insurance?

Prepare for the CII Certificate in Insurance exam with questions and flashcards designed to help you understand the key principles of general insurance.

The main categories of insurance typically include life, health, and motor insurance, as these are widely recognized sectors that cover significant areas of risk associated with individuals' lives, health care needs, and vehicles, respectively.

Life insurance provides financial protection to beneficiaries in the event of the insured's death, while health insurance covers medical expenses for illnesses or injuries. Motor insurance is designed to provide coverage for vehicles against damages and liability.

In contrast, construction insurance, while important within its specific context, is generally considered a specialized type of insurance rather than a main category. It covers various risks associated with construction projects, including liability, property damage, and workers' compensation. However, it does not fall into the major overarching categories of insurance that are commonly referenced in general insurance discussions. This distinction helps clarify how different types of insurance address specific needs and risks.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy