What is another word for government mandated insurances?

Pronunciation: [ɡˈʌvənmənt mandˈe͡ɪtɪd ɪnʃˈʊ͡əɹənsɪz] (IPA)

Government mandated insurances are known as compulsory insurances or legally-required insurances. These are insurance policies that are required by law to be taken out in order to participate in certain activities or to protect against specific risks. Some examples of government-mandated insurances include auto insurance, health insurance, and workers' compensation insurance. In some cases, these insurances are also called regulatory or statutory insurances. These types of insurance policies are mandatory for individuals or organizations to remain compliant, avoid penalties or fines, and fulfill their legal obligations. In essence, government mandated insurances are designed to provide security and protection, ensuring that individuals or organizations can meet financial and legal obligations in the event of unexpected occurrences.

Synonyms for Government mandated insurances:

What are the hypernyms for Government mandated insurances?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    financial services, Insurance products, Regulatory policies, risk management strategies.

Related words: mandated health insurance, mandated auto insurance, mandated car insurance, mandatory auto insurance that is not allowed to be voided and is not for a specific time period, government mandated dental insurance, mandated health insurance for children

Related questions:

  • What are the different types of government mandated insurances?
  • Do you have to buy government mandated insurances?
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