1-Of the cases below, which provides the best description of a mutual insurer?

Any unincorporated association enabling individuals and businesses to insure one another

An organization conducting insurance business which provides benefits to it's members in the case of death, illness or accident

A corporation owned by individuals who contribute capital through the purchase of shares of stock

A corporation owned by individuals who contribute capital through the purchase of policies

2-

A "retention" is viewed as:

The maximum amount a company is willing to risk on any one policy

A minimum amount of yearly premiums which a company must collect to be authorized to sell in a state

The maximum amount of insurance a company may write in any one state

The minimum amount for which any one policy may be written

3-

in insurance, an _________ represents the insurer.

Attorney-in-fact

Fiduciary

Agent

Insured

4-

______________is an insurance company that has met the statutory requirements of a particular state and is therefore allowed to operate in that state

Alien insurance company

Foreign insurance company

Aleatory

Admitted insurer