Author Question: As an alternative to demutualizing, Big Mutual Insurance Company reorganized itself into a corporate ... (Read 106 times)

MirandaLo · **on:** Jul 11, 2018

As an alternative to demutualizing, Big Mutual Insurance Company reorganized itself into a corporate form that can directly or indirectly own a stock insurance company. This form of organization is called a(n)

A) holding company.
B) shell company.
C) upstream company.
D) downstream company.

Question 2

Which of the following statements about Lloyds of London (are) true?

I. The majority of the business underwritten by Lloyds of London is for unusual risks, such as valuable race horses and professional athletes.
II. Lloyds of London is a group of underwriters who underwrite insurance, not an insurance company.
A) I only
B) II only
C) both I and II
D) neither I nor II