multiple choice\nwho elects the governing body of a mutual insurance company?\na. bondholders\nb…

Brief Explanations:

A mutual insurance company is owned by its policyholders. Policyholders have the right to elect the governing body as they are the owners of the company. Bondholders are creditors, stockholders own stock - which mutual insurance companies don't have as they are non - stock entities, and the chairman of the board is part of the governing body, not the electing party.

Answer:

D. policyholders