Which organization sells insurance exclusively among its members?

The correct answer is the fraternal benefit society. This type of organization is unique in that it provides insurance products exclusively to its members who share a common bond, such as a religious affiliation, ethnicity, or other mutual interests. Members of a fraternal benefit society typically engage in community activities and support one another, and their insurance offerings are integral to the benefits provided to the members.

Fraternal benefit societies are characterized by their non-profit status and focus on providing social as well as financial support, distinguishing them from traditional insurance companies that focus mainly on profit-driven insurance sales. The benefits offered often include life insurance, health insurance, and annuity products tailored to the needs of their members.

Other organizations like mutual insurance companies and commercial insurers sell insurance to the general public and do not limit their offerings to members of a specific group, which is a key distinction. A mutual insurance company is owned by its policyholders, sharing profits among them, while a commercial insurer operates for profit and serves a broader market. Hence, the fraternal benefit society stands out for its exclusive focus on a defined group of members.