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Which of the following statements is false? A) Assessment mutuals provide primarily fire and windstorm insurance. B) A stock insurance company is a profit-making venture
Which of the following statements is false? A) Assessment mutuals provide primarily fire and windstorm insurance. B) A stock insurance company is a profit-making venture in both life and property insurance. C) Dividends are paid to stockholders of stock companies. D) In stock companies, non-insured stockholders bear none of the risk of loss.
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