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Question 4
A nonparticipating company is sometimes called a(n)
O alien insurer
O mutual insurer
O reinsurer
O stock insurer
Select the appropriate response

Verified Answer :

GinnyAnswer

Final answer:

Nonparticipating companies, known as stock insurers, are distinct from mutual insurers in terms of ownership and profit distribution.


Explanation:

Nonparticipating companies, sometimes referred to as stock insurers, are insurance companies where policyholders are not owners, unlike in mutual insurance companies where policyholders are the owners. Stock insurers operate to generate profits for their shareholders and are not owned by the policyholders. Examples of well-known stock insurers include Allstate and Travelers.


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