Question

All of the following are false regarding stock insurers, EXCEPT:

Select one:
a. Stock insurers do not have a capital fund and are financially
supported by policyholders.
b. Stock insurers do not pay dividends to stockholders, instead
policyholders receive dividends as a return of overcharged
premium.
c. Stock insurers are managed by a board of directors, who are
chosen by the company stockholders.
d. A stock insurer may transform into a mutual insurer via the
process of demutualization.
LH21003

Answer 1

c

Step-by-step explanation:

Stock insurers are managed by a board of directors, who are

chosen by the company stockholders