A ________ insurance company is owned by stockholders, just like any other investor-owned company. A ________ insurance company is owned by its policyholders.
A) stock; mutual
B) corporate; stock
C) stock; corporate
D) mutual; limited liability

Question

Quizplus · Accepted Answer

A stock insurance company is owned by stockholders who invest in the company and hope to make a profit on their investment. A mutual insurance company, on the other hand, is owned by its policyholders who contribute premiums and share in any profits the company earns.

A ________ Insurance Company Is Owned by Stockholders, Just Like