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5 Cards in this Set
- Front
- Back
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FEDERAL INS OFFICE |
Monitors the Insurance Industry and “Identifies Issues and Gaps in the State Regulations of Insurers. Also “Monitors Access to Affordable Ins. |
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STOCK-INS COMPANIES |
Owned by Stockholders May receive”Taxable Corporate Dividends. Policy Holders are Not entitled to receive Dividends. |
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MUTUAL INS COMPANY (Non Profit)-Owned by Policy Holders |
Owned by Policy Holders. May Receive-Non Taxable Dividends. |
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Fraternal Benefit Societies. |
Affiliated Lodges - Religious Organizations - Fraternal .Org With Representative Form of Government. |
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Reciprocal Insurers |
Reciprocal Insurers can be either - Unincorporated Groups or Individual Firms or Corporations, Commonly Termed - (Subscribers) (Reciprocal Insurance Co. or Exchange). They Mutually Insure one Another assuming Their share of “Each Risk” Lloyd’s - Cannot get Insurance in the (Normal Market) |
