Florida Life and Health Insurance License Test 2025 – 400 Free Practice Questions to Pass the Exam

Image Description

Question: 1 / 400

Who is a mutual insurance company owned by?

Its policyholders

A mutual insurance company is owned solely by its policyholders, who are also its customers. This structure allows the company to focus on providing the best insurance coverage and rates for its policyholders, rather than maximizing profits for shareholders or private owners. Option B is incorrect because shareholders only profit from the success of the company, while option C is incorrect as the company is not government-owned. Option D is incorrect because a private owner would have full control and ownership of the company, rather than it being owned by its policyholders.

Get further explanation with Examzify DeepDiveBeta

Its shareholders

The government

A private owner

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy