bewe y . Under C) verify that a covered loss has occurred. D) delay paying the claim if the claim is covered. 17. Some investors decided to start an insurance company. Each Investor contributed 550.000 raise the capital required to charter a new company. Each investor received an ownership inte in the company. The company will raise additional capital by selling ownership rights to o investors. Under this type of organization, the customer and owner functions are parte type of insurer is called a ( ) A) stock company. B) reciprocal exchange. C) fraternal company. D) mutual company. 18. Brian is a life insurance agent. He is licensed to represent one company and has been as a territory. In addition to marketing life insurance products in the territory, Brian responsible for recruiting, training, and motivating new agents for the company in his tu Brian is a(n) ( ) A) exclusive agent. B) general agent. C) insurance broker. D) personal-producing general agent. 19. The corporate structure of mutual insurers is changing rapidly. All of the folle current trends EXCEPT ( ) A) Demutualization of some insurers. B) Sharp increase in the number of mutual insurance companies. C) Increase in company mergers. D) Formation of mutual holding companies. 20. A risk manager is concerned with I. Identifying potential losses. II. Selecting the appropriate techniques for treating losses. A) I only B) II only C) both I and II D) neither I nor