| 31. | It is not a publicly traded company because it is owned by policy holders.
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| 32. | MetLife is a mutual company owned by its policy holders.
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| 33. | It purports to be a letter from a policy holder to his insurance company.
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| 34. | Most of the misallocation occurred when local governments miscalculated the incomes of policy holders.
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| 35. | Policy holders are the nominal owners of a mutual.
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| 36. | Some individual policy holders have obtained new coverage elsewhere.
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| 37. | The average monthly premium per policy holder is Bt500.
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| 38. | Insurance companies require policy holders to list their occupations.
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| 39. | There are another 800, 000 policy holders who have no ownership stake in Scottish Amicable.
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| 40. | Most are mutual companies, meaning they are legally private companies owned by their policy holders.
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