Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Who owns a stock insurance company?

The policyholders
The board of directors
The stockholders
The government

The correct answer is: The stockholders

A stock insurance company is owned by its stockholders or shareholders. This means that the individuals or entities who have invested in the company's stock are the owners and have a stake in the company's profits and decision-making. The policyholders (option A) are simply customers who purchase insurance policies from the company, whereas the board of directors (option B) is a group of individuals responsible for overseeing the management of the company, but they do not have ownership rights. The government (option D) is not typically involved in owning or managing a stock insurance company, unless it is a state-sponsored or nationalized insurance company.