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    Question

    Which of the following entities cannot be an insurance

    company?
    A Corporation Correct Answer Incorrect Answer
    B Mutual Fund Correct Answer Incorrect Answer
    C Cooperative Society Correct Answer Incorrect Answer
    D Partnership Firm Correct Answer Incorrect Answer
    E Limited Liability Company (LLC) Correct Answer Incorrect Answer

    Solution

    While corporations, cooperative societies, partnership firms, and limited liability companies can potentially operate as insurance companies, mutual funds are generally not engaged in insurance activities. Mutual funds are investment vehicles that focus on managing investment portfolios for their investors rather than providing insurance coverage.

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