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In a Participating Policy,a Part of the Premium Is Refunded

question 47

True/False

In a participating policy,a part of the premium is refunded to the policyholder annually.


Definitions:

Achievement-Oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in followers' abilities to meet high standards.

Tangible Benefits

Material or measurable advantages that result from an action, decision, or policy, often involving financial gain or physical assets.

High-LPC Leaders

Refers to leaders categorized by the Contingency Theory of Leadership as having a high Least Preferred Co-worker score, indicating a people-oriented approach.

Fiedler's Contingency Theory

A leadership model proposing that effective leadership depends on a match between a leader’s style and the degree to which the situation gives the leader control and influence.

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