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3 Cards in this Set
- Front
- Back
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Stock |
Owned by stockholders Issue nonparticipating policies (nonpar) |
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Mutual |
Owned by policyowners (policyholders) Issue participating policies (par) Pay dividends to policyholders which are a refund of excess premiums |
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Fraternal Benefit Society |
Not for profit organization Benevolent and charitable brotherhood Membership based on religious, national or ethnic lines Must be member to receive benefits |
