The operations and production management in an insurance company.

Types of restitution Organizations The two most common guinea pigs of amends companies be:-         Stock alliance: - it sells personal credit gillyflower to tuneholders to raise the money indispensable to operate the business. Stockholders argon not necessarily ensure by the club, and insured person ones do not necessarily own stock in the company. The company is in the business of selling insurance. gain attributed to the operation of the company atomic number 18 returned as dividends to the stockholders, not the insured ones. Nothing prohibits stockholders from get insurance from their own company or insured ones from purchasing sh ars of stock issued by their insurer. However, ownership of the company is altogether fissiparous from any contractual relationships the company has with policyholders as a provider of insurance.         Mutual insurance Company: - functions disagreeently than a stock company. In a mutual company, there a re no stockholders and the policyholders collectively are the owners of the company. As owners, they can choose to take the management of the company. Profits are returned to the insured ones in the ferment of dividends or reductions in future premiums. Most mutual companies are advance premium companies that charge non-assessable premiums--that is, policy-owners are never ineluctable to pay anything in addition to their premiums even if losses for the conclave exceed the amounts paid in during the policy period. The cost of coverage from an assessment company will vary each policy period and can be small or gangly depending on the experience of the group. Both stock and mutual companies are incorporated. Their marketing practices and internal operations are nearly identical. Their structures differ whole in the areas of corporate ownership and management control. Scottish Life indemnity is a stock company. Lines of Insurance A way of classifying insurance companies is by the type of insurance policies they wr! ite. Insurance coverages are... If you want to get a abounding essay, order it on our website: OrderCustomPaper.com

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