In: Finance
Which one of the following statements about insurer profitability is true?
Select one:
a. Profitability is not important to insurance companies
b. Profitability is the only important goal of insurance companies
c. Cooperative insurers should earn a profit, but this is not their primary goal
d. Cooperative insurers are prohibited from earning a profit
Correct Answer Option C
c. Cooperative insurers should earn a profit, but this is not their primary goal