All the following statements are true concerning mutual insurance companies except: A) they may pay dividends B) they are owned by their policyholders C) they are legally organized as perpetual partnerships D) they are nonprofit

Question

Quizplus · Accepted Answer

Mutual insurance companies are not organized as perpetual partnerships; instead, they are owned by their policyholders who may receive dividends, and they operate on a nonprofit basis.

All the Following Statements Are True Concerning Mutual Insurance Companies