Mutual entities, reciprocal or inter-insurance exchanges, public entity risk pools are all principal kinds of:
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A. B. C. D.C
The principal kinds of insurance organizations referred to in this question are mutual entities, reciprocal or inter-insurance exchanges, and public entity risk pools. These are all types of organizations that provide insurance coverage to their members.
A mutual entity is an insurance company that is owned by its policyholders. Policyholders are also the owners of the company and share in any profits that the company may earn. Mutual companies are typically focused on providing coverage to specific types of policyholders, such as farmers or teachers.
Reciprocal or inter-insurance exchanges are organizations where policyholders agree to share their risks with each other. In a reciprocal, each policyholder agrees to pay a premium into a common pool, which is then used to pay claims. Policyholders may also agree to share in any profits that the exchange may earn.
Public entity risk pools are organizations that provide insurance coverage to public entities, such as cities or counties. Public entities may join together to form a risk pool in order to share their risks and reduce their insurance costs. Risk pools may provide coverage for a variety of risks, such as liability or property damage.
Based on this description, the correct answer to the question is C. Property and liability insurance organizations. Mutual entities, reciprocal or inter-insurance exchanges, and public entity risk pools are all types of organizations that provide insurance coverage for property and liability risks. Property risks include damage to buildings or other physical assets, while liability risks include risks associated with legal liability, such as lawsuits or claims for damages.