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

Prepare for the IBABC Fundamentals of Insurance Exam with our detailed quizzes. Utilize flashcards and multiple-choice questions with hints and explanations to ace your exam!

Investment insurance is not considered a main type of insurance. The primary categories of insurance typically include health insurance, property insurance, and liability insurance.

Health insurance provides coverage for medical expenses and ensures access to healthcare services. Property insurance protects against loss or damage to physical assets such as homes and vehicles. Liability insurance offers coverage in the event that an individual or business is held responsible for causing harm or damage to another party.

While there can be financial products that have investment components or risk management features, these do not fall under the main types of insurance. Investment insurance may refer to products that combine elements of insurance with investment options, but it does not represent a fundamental category of insurance on its own. Thus, it is not classified alongside the key types that are essential to the insurance industry and its foundational practices.

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