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114. The difference between a Stock Insurance Company and a Mutual Insurance Company is:

A. The size of the companies
B. State of licensure
C. One is authorized and the other is not
D. Ownership and control

Sagot :

GinnyAnsweridn

Final answer:

The main difference between a Stock Insurance Company and a Mutual Insurance Company is ownership and control.


Explanation:

The difference between a Stock Insurance Company and a Mutual Insurance Company lies in ownership and control. In a Mutual Insurance Company, the policyholders are the owners of the company, while in a Stock Insurance Company, ownership is in the hands of shareholders. Mutual companies focus on serving the policyholders' interests, while stock companies prioritize generating profits for their shareholders.


Learn more about Insurance Companies here:

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