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

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Definitions:

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks.

Basalt

A dark, fine-grained volcanic rock that is formed from the rapid cooling of basaltic lava at the Earth's surface.

Clasts

Fragments of geological detritus, such as minerals and rocks, formed by weathering and erosion.

Unconformity

A geological surface that represents a gap in the geological record, often due to erosion or lack of deposition over a period of time.