A company in which policyholders are the members and owners and correspond to the stockholders in a stock company is known as a(n) ______.
A) mutual insurance company
B) premium insurance company
C) assessment insurance company
D) stock insurance company

Question

Quizplus · Accepted Answer

A mutual insurance company is owned by its policyholders, who are also considered members, unlike a stock insurance company, which is owned by stockholders.

A Company in Which Policyholders Are the Members and Owners