Which types of ownership represents insurers

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Problem 1: Which of the following types of ownership represents insurers that are owned by policyholders?

A. Mutual insurers
B. Stock insurers
C. Both A and B
D. Neither A nor B

Problem 2: When must an insurable interest legally exist in life insurance and property-casualty insurance policies?

A. For both life and property-casualty policies, insurable interest is required at the inception of the policy
B. For both life and property-casualty policies, insurable interest is required at the time of loss
C. For life policies, insurable interest is required at the inception of the policy; for property-casualty, insurable interest is required at the time of loss
D. For life policies, insurable interest is required at the time of loss and for property-casualty, insurable interest is required at the inception of the policy.

Reference no: EM132995935

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