The organizations in which the ownership and control of operations are vested in the policyholders are known as:
A) Private entities
B) Public entities
C) Reciprocal entities
D) Mutual entities
Correct Answer:
Verified
Q109: Mutual entities, reciprocal or inter-insurance exchanges, public
Q110: The contracts that are not subject to
Q111: Short-duration contracts provide insurance protection for fixed
Q112: Audit risk consists of:
A) Risk of material
Q113: When no tax deductions are allowed if
Q115: Insurance agents act as contractors in groups
Q116: Spreading of risks among insurance entities is
Q117: The arrangements by which pools manage separate
Q118: The private pools can fall in which
Q119: Principal objectives of state statutes are:
A) restrict
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