All the Following Statements Are True Concerning Mutual Insurance Companies

question 62

Multiple Choice

All the following statements are true concerning mutual insurance companies except:

• A) they may pay dividends
• B) they are owned by their policyholders
• C) they are legally organized as perpetual partnerships
• D) they are nonprofit

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Definitions:

Sound Waves

Vibrations that travel through the air or another medium, perceivable as sounds when they reach a human or animal ear.

Continental Shelf

A submerged extension of a continent, ranging from the shoreline to a drop-off point known as the shelf break.

Hydrothermal Vents

Openings on the seafloor that emit hot, mineral-rich water, supporting unique ecosystems independent of sunlight.

Giant Worm Tubes

Large tubular structures created by certain species of marine worms, which serve as their protective habitats on the ocean floor.