Which one of the following statements about insurer profitab

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

Solution

Correct Answer Option C

c. Cooperative insurers should earn a profit, but this is not their primary goal