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How many insurance companies are there in the US If it requires at least 1000000 in capital are there this many rich people starting insurance companies?

Anonymous

∙ 18y ago

Updated: 9/11/2023

In all states that I am aware of, an Insurance Company can not be owned by an individual anyway so their is no need for any one person to come up with that kind of money. An Insurance Agency however can be owned by an individual and has no capital startup requirements.

Wiki User

∙ 18y ago

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