Private insurers are classified according to ownership arrangements. Distinct types mentioned in the text include all the following except:

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Quizplus · Accepted Answer

The distinct types of private insurers mentioned in the text include stock companies, mutual companies, and reciprocals. Reinsurers are not a type of private insurer, but rather entities that provide insurance to insurance companies to help spread risk.

Private Insurers Are Classified According to Ownership Arrangements