In contrasting stock insurers with mutual insurers, which statement is not false?
A. Mutual insurers are owned by the shareholders, and issue participating policies.
B. Stock insurers are owned by the shareholders, and issue non-participating policies.
C. Stock dividends are tax-free while policy dividends are taxable.
D. Non-participating policies can pay out dividends to the policyholders.
Ans: B. Stock insurers are owned by the shareholders, and issue non-participating policies.
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A. 6.13 percent B. 6.58 percent C. 6.40 percent D. 6.47 percent E. 6.38 percent
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