A business that collects premiums from policyholders and then often provides long-term financing for real estate development projects is a(n):

Question

Quizplus · Accepted Answer

Insurance companies collect premiums from policyholders and use the funds to pay claims and invest in various financial products, including long-term real estate development projects. Commercial banks and credit unions primarily focus on traditional banking activities such as lending, deposit-taking, and other financial services. Crown corporations are typically government-owned entities that operate in specific industries, such as utilities or transportation, and are not involved in insurance or real estate financing.

A Business That Collects Premiums from Policyholders and Then Often