Author Question: Which of the following statements is true about fraternal insurers? A) They are legally organized ... (Read 278 times)

sdfghj · **on:** Jul 11, 2018

Which of the following statements is true about fraternal insurers?

A) They are legally organized as stock insurers.
B) They specialize in writing life and health insurance.
C) They are taxed more heavily than other types of insurers because of discriminatory marketing practices.
D) They account for the majority of life insurance in force in the United States.

Question 2

Which of the following statements about mutual insurers is true?

A) They are legally organized as partnerships.
B) They have a board of directors which is selected by state insurance departments.
C) They are owned by their stockholders.
D) They may pay dividends to their policyholders.