Which of the Following Is an Advantage of Converting from a Mutual

question 48

Multiple Choice

Which of the following is an advantage of converting from a mutual insurance company to a stockholder-controlled company?

• A)Publicly held companies have access to equity markets for additional capital for future business expansion.
• B)Mutual organizations are subject to higher regulatory standards than public companies.
• C)Ability to offer more insurance products than those allowed under mutual ownership.
• D)Publicly held insurance companies can convert to federal charters but mutual organizations cannot.
• E)Mutual organizations can only underwrite policies in the province or territory in which they are chartered while publicly held organizations can operate across Canada.

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Definitions:

Separation Of Church

This principle denotes the division between religion and government, ensuring that religious groups do not govern the state, and the state does not have official religion.

Religious Pluralism

An attitude or policy regarding the diversity of religious belief systems co-existing in society.

Nova Scotia

A province in Canada, located on the country's Atlantic coast, known for its maritime heritage and natural beauty.

Quebec

A province in eastern Canada, known for its French heritage, language, and distinct cultural identity within the predominantly English-speaking country.