The Best Description for a "Participating Policy" Is That the Owner

question 35

Multiple Choice

The best description for a "participating policy" is that the owner is

• A)entitled to receive a share of the net operating profits of the insurance company.
• B)entitled to receive a refund when the insurance company has overcharged on premiums.
• C)entitled to receive dividends paid on the common stock of the insurance company.
• D)entitled to refunds from extra premiums from policyholders who have cancelled their policies.

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Definitions:

Black Flight

Refers to the phenomenon of African Americans migrating from cities to suburban areas, similar to "white flight" but occurring in different periods and contexts.

Southern Community Leaders

Influential figures within communities in the Southern United States who often play significant roles in local governance, social, and cultural affairs.

Afro-Caribbeans

People of African descent living in the Caribbean islands, whose ancestors were brought to the region as slaves to work on plantations.

Jamaica

An island country situated in the Caribbean Sea, known for its vibrant culture and scenic beauty.