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Questions and Answers
What is the term for an insurance company that is owned by its policyholders?
What is the term for an insurance company that is owned by its policyholders?
- Commercial insurer
- Mutual company (correct)
- Multi-line insurer
- Stock company
Which type of insurer is known as a Nonparticipating Insurer?
Which type of insurer is known as a Nonparticipating Insurer?
- Participating insurer
- Stock company (correct)
- Mutual company
- Multi-line insurer
What is the term for the process of transforming a stock insurer into a mutual insurer?
What is the term for the process of transforming a stock insurer into a mutual insurer?
- Demutualization
- Privatization
- Commercialization
- Mutualization (correct)
Which type of insurer pays dividends to its policyholders?
Which type of insurer pays dividends to its policyholders?
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Which type of insurer is responsible for paying stockholders dividends?
Which type of insurer is responsible for paying stockholders dividends?
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