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.

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Definitions:

Specific Situations

Particular and distinct conditions or circumstances faced in a given context or at a given time.

Internal Locus

An individual's belief that they can control their life and the outcomes of events through their own actions and decisions.

Self-Control

The ability of an individual to regulate their thoughts, emotions, and behaviors in pursuit of long-term goals.

Risky Behavior

Actions or activities that carry a significant chance of negative or harmful consequences.