he major difference between policyholder dividends at mutual and stock insurance companies is that Available answer options Select only one option A Policyholders at stock companies cannot receive dividends until stockholders receive dividendsmutuals do not have this restriction. B Policyholder dividends paid by mutuals are taxable income for the policyholder while policyholder dividends from stock companies are received tax-free. C Policyholder dividends at stock companies are guaranteed, policyholder dividends at mutuals are not guaranteed. D In addition to representing a price adjustment, policyholder dividends at mutuals also represent an earnings distribution