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.
Answer: D
Business
You might also like to view...
What is the rate of return on an investment of $124,090 if the company expects to receive $10,000 per year for the next 30 years?
A) 7 percent B) 4 percent C) 6 percent D) 5.5 percent
Business
Empirical studies indicate that WACC for an MNE is higher than for their domestic competitors. Reasons cited for this increased cost include all of the following EXCEPT:
A) agency costs. B) foreign exchange risk. C) political risk. D) All of the above are cited as reasons for an MNE's increased WACC.
Business