Some investors decided to start an insurance company. Each investor contributed 50,000 to raise the capital required to charter a new company. Each investor received an ownership interest in the company.
The company will raise additional capital by selling ownership rights to other investors. Under this type of organization, the customer and owner functions are separate. This type of insurer is called a
A) stock company.
B) reciprocal exchange.
C) fraternal company.
D) mutual company.
Question 2
Which of the following statements about Blue Cross and Blue Shield plans is (are) true?
I. Blue Cross and Blue Shield plans can be organized on a nonprofit basis or on a for-profit basis.
II. Blue Cross provides coverage for hospital services; Blue Shield provides coverage for physicians' and surgeons' fees.
A) I only
B) II only
C) both I and II
D) neither I nor II
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
The French sociologist Emile Durkheim (1858–1917) contributed many important concepts to ...
After all valves have been properly measured and adjusted as necessary, start the reassembly process ...
Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ...
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
An organizational specialist is hired as a consultant to a company planning to open a coffee ...