Which of the following is true regarding an insurer?

Insurance

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Which of the following is true regarding an insurer?

a. A stock insurer is owned by its policyholders

b. A mutual insurer is owned by its stockholders

c. A reciprocal insurer is owned by the State of Nevada

d. An insurer includes every person engaged as a principal in the business of entering into contracts of insurance

Answer: d. An insurer includes every person engaged as a principal in the business of entering into contracts of insurance

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