Sources of Life Insurance Dividends Include Which of the Following

question 33

Multiple Choice

Sources of life insurance dividends include which of the following?
I.Excess interest earned on the assets necessary to maintain legal reserves
II.Favorable mortality experience

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Differentiated Product

A good or service that is distinct from its competitors through variation in design, function, or quality.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, characterized by phases of growth (expansion) and decline (recession).

Game Theory

The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically associated with efficiencies in production as output increases.