Exam (elaborations)
Rhode Island insurance UPDATED Exam Questions And Correct Answers
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the role of insurance is to transfer the risk of financial loss from an individual or business to an insurance company organized and incorporated under state law owned by stockholders who get a paid share of the company's profit through dividends. also referred to as a nonparticipating or non-par bc policy holder do not participate in paid dividends stock insurance company organized and incorporated under state law. but they have no stockholders. instead, the policyholders own the company. owners get paid a share of the companies profits through dividends. participating or par companies bc policy owners do not participate in paid dividends mutual insurer companies
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Institution
Rhode Island Insurance
Course
Rhode Island insurance
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Written for
- Institution
- Rhode Island insurance
- Course
- Rhode Island insurance
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- Uploaded on
- March 27, 2024
- Number of pages
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- Written in
- 2023/2024
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- Exam (elaborations)
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- Questions & answers
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- rhode island insurance
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rhode island insurance updated exam questions and
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