Travelers Insurance is a publicly traded entity which assumes the risk of its policyholders. It can...

Travelers Insurance is a publicly traded entity which assumes the risk of its policyholders. It can fairly easily raise capital for operating expenditures and is governed by a board of directors. Travelers is a
A) mutual insurance company.
B) a Name at Lloyds of London.
C) stock insurance company.
D) a fraternal insurance company

Expert Solution

Travelers Insurance is a publicly traded entity which assumes the risk of its policyholders. It can fairly easily raise capital for operating expenditures and is governed by a board of directors.Travelers is a a fraternal insurance company.

Option (D) is correct answer.

jeff jeffy answered 2 years ago

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