How many different types of insurance providers are there?
There are generally four types of insurance providers:
Mutual Insurers (insurance companies owned by their policy holders)
Reciprocal Exchanges (insurance companies wherein customers insure each other)
Lloyd Associations (a situation where those managing the insurance policies assume personal risk in the performance of the company by having their own wealth invested in the firm)
HMOs (Health Maintenance Organizations - health insurance companies that offer their customers health coverage for a pre-paid premium)