Which of the following statements is true regarding a stock insurance company?
a. Stock companies are owned by their policyholders.
b. Stock companies pay a portion of their earnings to their policyholders as dividends.
c. Stock companies pay a portion of their earnings to their stockholders as dividends.
d. Stock companies permit their policyholders to elect their Board of Directors.
Ans: c. Stock companies pay a portion of their earnings to their stockholders as dividends.
Business
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