To Qualify for a License, an Insurer Must Fulfill Certain

To qualify for a license, an insurer must fulfill certain financial requirements.Identify the correct statement about the financial requirements for a license.

A) Mutual insurers must have a specified amount of capital and surplus.
B) Stock insurers must have a minimum amount of surplus only because they do not show "capital" in their balance sheets.
C) Policyholders are owners in stock companies.
D) Mutual companies do not have stock.
E) A company offering only one line of insurance must have more capital (and/or surplus) than a multiple-line insurer.