Welcome Aboard (Types of Insurers)

(Insurance Providers Edition) 🎺 Intro (announcer energy) Ladies and gentlemen! Welcome aboard the S.S. Insurance! Deck 1: Mutual members lounge! Deck 2: Stockholder casino! Deck 3: Fraternal society hall! Policy ready? Premium paid? Let’s see how the insurers are made! ⸻ 🥁 Verse 1 (fast list) Mutual companies run the show Policyholders own the flow When the profits rise just right Dividends may come in sight Stock companies play it another way Shareholders get the profits they pay Policies written, risks contained Dividends to stock are claimed County mutuals small but strong Serving regions all along Started property back in the day Now they’ve grown in other ways ⸻ 🎷 Pre-Chorus Different companies, different roles Helping manage risk and goals Private groups and governments too Insurance comes in quite a few! ⸻ 💥 Chorus (chant style) Welcome aboard! Different insurers here! Mutual or stock — Who gets the dividend share? Welcome aboard! Step inside the crew! Policyholders or shareholders — Who gets paid from you? Spin the wheel! Check the chart! Insurance companies Play their part! ⸻ 🎭 Verse 2 (reciprocal & fraternal) Reciprocal groups share the load Members insure each other’s road Contracts signed — indemnity deal Helping each other spin the wheel Fraternal insurers guard the gate Members of societies participate Brotherhood benefits tied in place Insurance inside a social space Government programs step in too When private plans won’t always do Flood insurance, crop insurance Social Security helping you ⸻ 🌊 Bridge (dramatic shift) But wait… Is the company licensed here? Did the state approve the plan? Because not every insurer can sell the same… Some are admitted… Some are not. ⸻ 💥 Final Chorus Welcome aboard! Check the authority seal! Admitted companies Have the state’s approval deal! Welcome aboard! Now let’s define Domestic, foreign, alien lines! If it’s formed in your state Domestic is the name Different state? Foreign company Another country? Alien claim! ⸻ 🎺 Outro Policies written! Risks contained! Insurance companies explained! (All aboard!)