Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
what are the pros and cons of being insured by a mutual insurance company vs a stock insurance company?
Expert Solution
Step 1
There are two types of insurance companies: mutual insurance company and stock insurance companies. Both companies sell insurance policies and are similar in many manners but there are few difference, main being that the Mutual insurance companies are owned by the policyholders and stock insurance companies are owned by stockholders.
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