When Dividends Are Left to Accumulate at Interest, the Insurer

question 62

Multiple Choice

When dividends are left to accumulate at interest, the insurer typically sends a notice to each policyholder showing the amount accumulated at the end of the policy year. The notice also shows the dividend credited and interest earned for that policy year. The dividend left at interest may later be received by or credited to the policyholder in several ways. Which of the following is/are out of those ways?

• A) As a cash withdrawal.
• B) As premium applied to the purchase by the policyholder of paid-up insurance.
• C) As marketable securities
• D) As premium to pay up or mature the policy.

Understand the concept of crowdsourcing and its application in business decisions.

Identify the three Vs of big data: volume, velocity, and variety.

Recognize the structural characteristics of big data and its challenges for integration into standard databases.

Comprehend the relevance of evidence-based management and its reliance on multiple sources of evidence.

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Definitions:

Retention Marketing

Retention marketing focuses on strategies and actions aimed at retaining existing customers, enhancing their loyalty, and increasing their lifetime value to the business.

Temporal Factor

A variable related to time that influences outcomes, events, or processes, including duration, timing, and sequence.

Consumer Purchases

The action of acquiring goods or services for personal use or ownership by an individual.

Queuing

The process of forming a line or waiting in order to obtain services, goods, or entry to events, often governed by a first-come, first-served principle.