Which of the following statements regarding private insurance and gove

Which of the following statements regarding private insurance and government insurance is (are) true?

I. Private insurance programs include life and health insurance and property and liability insurance.
II. Social insurance programs are government insurance programs that are voluntary and financed entirely by contributions from covered employers.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A