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Can insurance companies give intermediate term loans for business transactions?
Wiki User
∙ 17y ago
Absolutely - I'm not certain that any company would be prohibited from making investments. Insurance companies are commonly considered a very major sources of funds and do a lot of investment business. Kind of goes hand in hand with having lots of money. It is not uncommon fo one to essentially lose money on insurance operations, but make so much using the cash or reserves they need to maintain that their investment operations make up for it.
Wiki User
∙ 17y ago
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