Rmin 4000 exam 2 - Study guides, Class notes & Summaries

RMIN 4000 Edmunds Exam 2 Qs&As major types of private insurers - ANS-Stock, Mutual, and Lloyd's of London stock insurers - ANS-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANS-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANS-advance premium mutual, assessment mutual, and fraternal insure...

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RMIN 4000 Exam 2 - UGA Daniel Brown 2024 Solution Guide Graded A Private insurance industry US insurance industry employed 2.9m - closer to 3m now Insurers paid over $20 billion in premium taxes Major types of private insurers Stock insurers Mutual insurers Mutual Insurers Owned by policyholders Profits are distributed to policyholders through dividends or rate reductions Types of mutual insurers Assessment mutual Advance premium mutual Fraternal insurer Assessment mutual ...

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RMIN 4000 Edmunds Exam 2 Questions and Answers 100% Verified! major types of private insurers - ANSWER-Stock, Mutual, and Lloyd's of London stock insurers - ANSWER-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANSWER-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANSWER-advance prem...