Types of mutual insurers Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Types of mutual insurers? On this page you'll find 912 study documents about Types of mutual insurers.
Page 3 out of 912 results
Sort by
-
AZ Life and Health Insurance Study Guide (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct
- Exam (elaborations) • 104 pages • 2024
-
Available in package deal
-
- $11.49
- + learn more
AZ Life and Health Insurance Study Guide (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct 
 
Q: Methods of Handling Risk: 
Avoidance, Retention, Sharing, Reduction, Transfer 
 
 
 
Q: Risk Retention 
 
 
Answer: 
the planned assumption of risk by an insured through the use of deductibles, co-payments, or self-insurance. It is also known as self-insurance when the insured accepts the responsibility for the loss before the insurance company pays. The purpose of retention is ...
-
RMIN 4000 Exam 2 Questions and Answers 100% Correct
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
RMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% Correct 
 
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.) 
...
-
XCEL EXAM REVIEW PART 2 Questions and Answers 2023/2024
- Exam (elaborations) • 112 pages • 2023
-
- $15.00
- + learn more
An insurance company selling more than one line of insurance - Multi-line insurer 
 
are in the business of selling insurance for a profit. - Commercial Insurers 
 
stock and mutual insurers. - Commercial insurance is divided into two main groups: 
 
are incorporated companies owned by their stockholders. - Stock Companies 
 
stockholders - Dividends from a stock company are paid to 
 
policyholders do not receive dividends. - Traditionally, stock insurers are 
called nonparticipating insurers b...
-
RMIN 4000 Exam 2 - UGA Daniel Brown 2024 Solution Guide Graded A
- Exam (elaborations) • 14 pages • 2024
-
- $15.99
- + learn more
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 
...
-
RMIN 4000 Exam 2 Questions & Answers
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
RMIN 4000 Exam 2 Questions & Answers 
Major Types of Private Insurers - ANS-Stock Insurers 
Mutual Insurers 
Lloyds of London 
Stock Insurer - ANS--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 - ANS--a corporation owned by policyholders. 
-profits are distributed to policyholders by dividends or rate reductions. 
(statefarm, nationwide, liberty mutual) 
...
And that's how you make extra money
-
Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers
- Exam (elaborations) • 21 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
Fundamentals of Insurance (BC) - 
Self-Examination Chapter Questions 
and correct answers 
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurship 
3. Loss Prevention and Loss Reduction 
4. Source of Employment and Investment Capital 
What are the 3...
-
Life, Accident and Health - Michigan Study Guide Exam Questions With Verified Answers
- Exam (elaborations) • 26 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
Life, Accident and Health - Michigan Study 
Guide Exam Questions With Verified 
Answers 
Insurance Contract - answerLegal agreement between an insurance company and an 
individual, where the insurer collects a premium from the insured in exchange for the insurers 
promise to pay potential future benefits in the event of covered losses. 
Risk Pooling - answerCombines similar losses from many people so that the average loss 
over the entire group is relatively constant 
Law of Large Numbers - answ...
-
RMIN 4000 Edmunds Exam 2 Questions and Answers 100% Correct
- Exam (elaborations) • 11 pages • 2024
-
Available in package deal
-
- $11.99
- + learn more
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 premium mutual, assessment mutual, and fraternal insurer 
 
assessment ...
-
Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers
- Exam (elaborations) • 21 pages • 2024
-
- $13.99
- + learn more
Fundamentals of Insurance (BC) - 
Self-Examination Chapter Questions 
and correct answers 
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurship 
3. Loss Prevention and Loss Reduction 
4. Source of Employment and Investment Capital 
What are the 3...
-
RMIN Test 2 Daniel Brown UGA Exam
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
RMIN Test 2 Daniel Brown UGA Exam 
Major Types of Private Insurers - ANSWER-stock insurers 
mutual insurers 
Lloyd's of London 
stock insurer - ANSWER-a corporation owned by stockholders 
objective is to earn profit for stockholders by increasing the value of the stock and paying dividends 
mutual insurer - ANSWER-a corporation owned by policyholders 
profits are distributed to policyholders by dividends or rate reductions 
types of mutual insurers - ANSWER-advance premium mutual 
assessment m...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia