ch26 - Life & Health:-generally larger due to...

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FIN 3303 Chapter 26 Insurance Companies P&C: -shorter contracts -more varied risk areas -wider distribution of outcomes -need liquid, marketable assets -earnings are more volatile
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Unformatted text preview: Life & Health:-generally larger due to long-term savings and pension contracts Mutual versus stock owned In a mutual company the policyholders are the owners Whole versus term life...
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