Who manages a mutual insurance company?

A mutual insurance company is owned by its policyholders, who are also referred to as members. This ownership structure means that the policyholders have a vested interest in the management and operations of the company. Although policyholders have ultimate control over significant decisions, they typically do not manage the company directly. Instead, they elect a board of directors to oversee the company’s management.

The elected board of directors is responsible for making strategic decisions, guiding company policy, and selecting executives to handle day-to-day operations. This governance structure ensures that the interests of the policyholders are represented while allowing for effective management by experienced leaders.

Consequently, the correct answer reflects the democratic process through which policyholders exercise their ownership rights and influence the company’s direction by electing the individuals who will make decisions on their behalf.