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:

Biological Needs

Fundamental requirements that sustain the life of an organism, such as food, water, and shelter.

Equality Of Income

A state in which income is distributed equally among individuals or groups in society.

Incentive To Produce

Factors or motivations that encourage firms or individuals to engage in production, often driven by the potential for profit or market demand.

Before-Tax Total Income

The total income earned by an individual or a business before any taxes are deducted.