Florida 2-15 Questions and Answers

Florida 2-15 Questions and Answers When a stock life insurance company issues both participating and nonparticipating policies, it is referred to as a company doing business as a: [Ans: - Mixed plan A peril is the cause of a risk. A hazard is the source of danger. [Ans: - Peril, hazard Stock insurers are owned by policyholders, whereas mutual insurer are owned by stockholders [Ans: - False Both stock and mutual companies can write life health and property and casual the insurance [Ans: - true In a reciprocal insure structure, each policyholder ensures the risk of the other policyholders [Ans: - True Risk retention groups are a form of mutual ensures [Ans: - True The true significance of insurance is replace the unknown with [Ans: - A sense of security