Rhode Island Insurance Exam Spring Questions with Complete Solutions Graded A+
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
Escuela, estudio y materia
- Institución
- Rhode Island Insurance
- Grado
- Rhode Island Insurance
Información del documento
- Subido en
- 11 de diciembre de 2023
- Número de páginas
- 13
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
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graded a
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rhode island insurance exam
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questions with complete solutions
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