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NONBANK OPERATIONS (Insurance Companies (Other types of insurance…
NONBANK OPERATIONS
Insurance Companies
Background
provide insurance and retirement funding for
individuals, firms, and government agencies.
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Pension Funds
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Be major investors in stocks,
bonds, and various types of loan packages
Public pension funds
Can be state, local or federal,
Private pension plans
Are created by private agencies,
including industrial, labor, service, nonprofi
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Mutual Funds
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Types of funds
Open-end funds
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Investors can purchase shares directly from and sell
their shares back to the open-end fund at any time.
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