Which of the following statements about stock insurers is true?
A)They issue assessable policies.
B)They are not permitted to write property and liability insurance.
C)Stockholders bear any losses and share in any profits.
D)They are owned by their policyowners.

Question

Quizplus · Accepted Answer

Stock insurers are owned by shareholders who bear any losses and share in any profits. They do not issue assessable policies, and they are permitted to write property and liability insurance. They are different from mutual insurers, which are owned by their policyholders.

Which of the Following Statements About Stock Insurers Is True