The operations and production management in an insurance company.
Types of Insurance Organizations
The two most common types of insurance companies are:-
*<Tab/>Stock company: - it sells stock to stockholders to raise the money necessary to operate the business. Stockholders are not necessarily insured by the company, and insured ones' do not necessarily own stock in the company. The company is in the business of selling insurance. Profits attributed to the operation of the company are returned as dividends to the stockholders, not the insured ones.
Nothing prohibits stockholders from buying insurance from their own company or insured ones…
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