ABC company pays its stockholders dividends. ABC undergoes a change in company ownership and begins to pays its policyholders dividends, instead of its stockholders. What is the term that describes the transformation that ABC company has undergone?

a. Demutualization

(b.) Mutualization

c. Transfer to a noncommercial insurer

d. Transfer to a nonprofit insurer

Answer: B

State Insurance

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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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What would be an expense factor in an insurance program?
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What is the other term for the cash payment settlement option?
What documentation grants express authority to an agent?

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