Alberta General Insurance Level 1 Practice Exam

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Question: 1 / 50

What is a subscription policy?

A policy for subscribers of a newsletter

An individual policy covering only one risk

A group policy for employees of a company

An arrangement where multiple insurers cover the risk

A subscription policy is an insurance policy that provides coverage for a specific risk and is shared among multiple insurers. This is different from a group policy (option C) which covers a group of individuals under one policy, or an individual policy (option B) that covers only one person. A subscription policy is also distinct from a policy for subscribers of a newsletter (option A), as it pertains to insurance coverage rather than marketing subscriptions. Therefore, option D is the most accurate choice.

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