CIC-Insurance Company Operations Correctly Answered
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CIC-Insurance Company Operations Correctly Answered
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| Uploaded on: | May 2, 2025 |
| Last updated: | May 2, 2025 |
| Number of pages: | 52 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | CIC-Insurance Company Operations Correctly Answered |
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CIC - Insurance Company Operations Q&A Latest 2025/2026 | 100% PASS Three types of Insurance Company and Management Stuctures Answer -1. Stock Insurance Company 2. Mutual Insurance Company 3. Reciprocal Stock Insurance Company - Answer -an incorporated insurance company owned by STOCKHOLDERS the stockholders elect the corporation's board of directors stockholders may or may not be policy holders What is the objective of a Stock Insurance Company? - Answer -To make a profit for its stockholders Profits may be shared by forms of stock dividends or increase in stock value Characteristics of a Stock Insurance Company - Answer -1. Capitalization 2. Reach is greater with regard to brand
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