Florida Life and Health Insurance License Practice Test

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Who owns a stock insurance company?

  1. The policyholders

  2. The board of directors

  3. The stockholders

  4. 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.

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