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LOUISIANA LIFE, ACCIDENT & HEALTH INSURNACE STUDY GUIDE
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---35August 20252025/2026
- a private insurance company that is established to provide insurance to policyowners and to make a profit for its stockholders 
 
the insured policyowners do not own the company, nor do they receive any dividends that to company returns 
 
stock insurers do not issue participating policies; therefore, two groups exist: shareholders and policyowners - though a shareholder could also be a policyowner 
 
Mutual Insurance Company - Answer -Participating or 'Par' 
 
a private insurance company...
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