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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 policyholders (policy owners) •Issue participating policies (par) •Pay dividends to policyholders which are are refund of excess premiums |
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Fraternal Benefits Society |
•Not for profit •Benevolent and charitable brotherhood •Membership based on religious, national or ethic lines •Must be a member to receive benefits |
