What are the two distinct characteristics that distinguish mutual insurers from stock insurers?

(a.) Mutual insurers lack capital stock and profits are distributed among the members.

b. Mutual insurers are not governed by a board of directors and are owned by stockholders.

c. Mutual insurers have capital stock and are owned by stockholders.

d. Mutual insurers do not have policyholders and have capital stock.

Answer: A

State Insurance

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