Life accident and health insurance
Mississippi 2
1. private insurers
2. government insurers - Answer-2 types of entities providing insurance today
1. stock insurance companies
2. mutual insurance companies - Answer-the 2 largest types of commercial insurance companies
Stock insurance companies - Answer-owned by stockholders, these companies dividends, when
declared, to their stockholders. have minimum capital requirements and are governed by a board of
directors elected by their stockholders
Mutual insurance companies - Answer-owned by their policy owners; have no stockholders. have
minimum capital requirements and are governed by a board of directors. pay policy dividends to
holders.
Demutualization - Answer-the lengthy and complex process of a mutual insurance company
transforming into a stock insurance company
