What is the name of your state? MD
What do the insurance companies (IC) do with the money I pay them? Can they run out of money in their reserve? If so, what will happen? What is a reserve, anyway? Do they reinvest my premiums like a bank does when I deposit my money. You know how banks reinvest and make loans in order to make more money. So how does an IC work?
Thanks!
What do the insurance companies (IC) do with the money I pay them? Can they run out of money in their reserve? If so, what will happen? What is a reserve, anyway? Do they reinvest my premiums like a bank does when I deposit my money. You know how banks reinvest and make loans in order to make more money. So how does an IC work?
Thanks!