Which of the Following Statements Is True About Fraternal Insurers

question 35

Multiple Choice

Which of the following statements is true about fraternal insurers?

• A)They are a form of stock insurer.
• B)They specialize in writing life and health insurance.
• C)They are taxed more heavily than other types of insurers because of discriminatory marketing practices.
• D)They account for the majority of life insurance in force in the United States.

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Definitions:

Production Era

A historical period in business thought where the main focus was on manufacturing and producing goods, with little emphasis on marketing or customer needs.

Market Orientation

An organization with a market orientation focuses its efforts on continuously collecting information about customers’ needs, sharing this information across departments, and using it to create customer value.

Post-it Flags

Small, colorful strips of adhesive paper used for marking pages or sections in documents for easy reference.

Environmental Friendly

Practices or products that minimize harmful effects on the environment through reduced pollution or conservation of resources.