CIC - Insurance Company Operations

Study Guide

Three types of Insurance Company and Management Stuctures - Answer-1. Stock Insurance

Company

2. Mutual Insurance Company

3. Reciprocal

Stock Insurance Company - Answer-an incorporated insurance company owned by STOCKHOLDERS

the stockholders elect the corporation's board of directors

stockholders may or may not be policy holders

What is the objective of a Stock Insurance Company? - Answer-To make a profit for its stockholders

Profits ma...
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