The leaders of a religious group decided to start a life insurance org

The leaders of a religious group decided to start a life insurance organization to insure members of the religious group. The insurer will operate as a nonprofit organization, thus receiving favorable tax treatment. The insurer formed will be a

A) health maintenance organization.
B) stock insurer.
C) fraternal insurer.
D) reciprocal exchange.

 

 

ANSWER

Answer: C

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