Which Statement Is Correct Regarding Mutual Insurance Companies

question 54

Multiple Choice

Which statement is correct regarding mutual insurance companies?

• A) Mutual insurance companies have stockholders.
• B) Nearly all mutual companies issue only nonparticipating policies.
• C) Premiums are lower than those offered by stock companies.
• D) Mutual companies do not declare policy dividends.
• E) A mutual company refunds part of the premium to the policyholders.

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Definitions:

Encodes

The process of converting data into a particular form, often for the purpose of security, storage, or transmission efficiency.

IMC Communication Process

An approach to achieving the objectives of a marketing campaign through the well-coordinated use of different promotional methods that are intended to reinforce each other.

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A device that sends out a signal, message, or broadcast to a receiver.

IMC Communication Process

The integrated marketing communications (IMC) process involves planning, executing, and monitoring the coordinated brand communication across various channels to achieve specific marketing objectives.