The leaders of a religious group decided to start a life insurance organization to insure members of the religious group.The insurer will operate as a nonprofit organization,thus receiving favorable tax treatment.The insurer formed will be a
A)health maintenance organization.
B)stock insurer.
C)fraternal insurer.
D)reciprocal exchange.

Question

Quizplus · Accepted Answer

Fraternal insurers are nonprofit organizations that operate for the benefit of their members, typically belonging to a particular religious or fraternal organization. They often provide insurance and other services to their members at discounted rates and qualify for favorable tax treatment due to their nonprofit status.

The Leaders of a Religious Group Decided to Start a Life