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.

Clarify misconceptions about options and their agreements.

Analyze reasons for and methods of risk management in companies.

Understand the influence of widespread cultural standards on gender roles.

Recognize the importance of family influence on educational aspirations compared to peer groups.

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Definitions:

Deferring Responsibility

The act of postponing or avoiding the acceptance of responsibility, typically to evade the consequences or workload.

Constructive Resistance

Opposition or pushback that is aimed at achieving positive change or improvements.

Autonomy

The degree to which a job provides an employee with the discretion and independence to schedule their work and determine how it is done.

Participation

The action of taking part in something or becoming involved in an activity or event.