Demutualization refers to ________.
A) the conversion of mutual insurance companies from being owned by policy holders to stock holders
B) the conversion of mutual fund companies from being owned by policy holders to stock holders
C) the conversion of insurance companies from being owned by stock holders to policy holders
D) the conversion of mutual fund companies from being owned by stock holders to policy holders
Correct Answer:
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Q9: Permanent insurance is also known as _.
A)endowment
Q10: Reinsurance _.
A)is additional insurance to the insurance
Q11: Which of the following is likely to
Q12: Nonbank financial institution include _.
A)mutual savings banks
B)money
Q13: Issuing a _ is the same as
Q15: Which of the following is an example
Q16: An example of permanent insurance is _
Q17: _ policies have no cash value and
Q18: _ are arrangements whereby the customer pays
Q19: Which of the following is an example
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