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Fund life & health insurance Explain why this sentence is false. Stock insurance companies are limited...

Fund life & health insurance

Explain why this sentence is false.

Stock insurance companies are limited liability corporation whereas the metal insurance companies are not.

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Answer #1

Answer -

The statement is false.

A limited liability company or LLC is a corporate structure whereby the owners are not personally liable for the company's debts or liabilities.

The regulations surrounding LLCs ar not allowed for Stock insurance companies.

Some entities cannot form LLCs including banks and insurance companies. A stock insurance is an incorporated insurance company with its capital divided into shares of stock owned by the stockholders.

LLCs provide insurance to metal industries businesses.

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