Life accident and health insurance Mississippi 2 Correct 100%

1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these companies dividends, when declared, to their stockholders. have minimum capital requirements and are governed by a board of directors elected by their stockholders Mutual insurance companies - ANSWER owned by their policy owners; have no stockholders. have minimum capital requirements and are governed by a board of directors. pay policy dividends to holders. Demutualization - ANSWER the lengthy and complex process of a mutual insurance company transforming into a stock insurance company Medical Care service Providers - ANSWER example HMO and PPO. they blend characteristics of commercial insurance companies