Washington State Insurance Practice Exam

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Prepare for the Washington State Insurance Exam. Study with interactive flashcards and multiple-choice questions. Each question offers hints and explanations to help you succeed.

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Who owns a mutual insurance company?

Policyowners
Shareholders
State Government
Federal Government

The correct answer is: Policyowners

A mutual insurance company is owned by its policyowners, which are the people who have purchased insurance policies from the company. This is different from a stock insurance company, which is owned by shareholders who have bought stock in the company. C and D are incorrect because government entities do not typically own insurance companies.