What is a stock insurer and who elects a board of directorss?
Answer to relevant QuestionsWhat is a mass-merchandising plan in property and liability insurance?Describe briefly the following distribution systems in the marketing of life insurance.a. Personal selling systemsb. Financial institution distribution systemsc. Direct response systemd. Other distribution systemsHow does ratemaking, or the pricing of insurance, differ from the pricing of other products?Explain the basic objectives in the settlement of claims.a. How is the combined ratio of a property and casualty insurance company calculated, and what does the combined ratio measure?b. How is it possible for a property and casualty insurance company to be profitable if its ...
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