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Rmin 4000 exam 22024 Study guides, Class notes & Summaries

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RMIN 4000 Exam 2 Questions and Answers 100% Correct!!

  • RMIN 4000 Exam 2 Questions and Answers 100% Correct!!

  • Exam (elaborations) • 11 pages • 2024
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    • Major Types of Private Insurers - ANSWER-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANSWER--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) Mutual Insurer - ANSWER--a corporation owned by policyholders. -profits are distributed to policyholders by dividends or rate reductions. (statefarm, nationwide, liberty mutual) types of mutual insurer...
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