Which of the Following Statements About Mutual Insurers Is True

question 32

Multiple Choice

Which of the following statements about mutual insurers is true?

• A)They are legally organized as partnerships.
• B)They have a board of directors which is selected by state insurance departments.
• C)They are owned by their stockholders.
• D)They may pay dividends to their policyowners.

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Definitions:

Company's Culture

The shared values, beliefs, behaviors, and practices that characterize an organization and influence its members' actions and interactions.

Founder

An individual who establishes an organization, company, or movement.

Organizational Cultures

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution, influencing how employees interact and work.

Liabilities

Financial obligations or debts owed by a person or company, which are required to be paid back.