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3 Cards in this Set

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STOCK INS. CO

Owned by “Stock Holders. May receive taxable Corporate Dividends. Policy Holders are not intitled to receive Dividends.

MUTUAL.INS.CO

Owned by Policy Holders.

1. May receive Non-Taxable Dividends.


2. Dividends not Guaranteed. ? Used to Reduce Premium.

RECIPROCAL-INS-CO

Group Owned-Unincorporated-Formed by Individual Firms & Business Corps. That exchange Ins on each other.