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:

Obligations

Legal or financial duties that one party is bound to perform for another, such as the repayment of a loan.

Investing Section

A part of the cash flow statement that shows cash flows from the acquisition and disposal of long-term investments and fixed assets.

Operating Section

In the context of financial reporting, this term specifies the portion of the cash flow statement that deals with cash flows from operational activities.

Cash Inflow

This is money coming into a business or entity from operations, financing, or investing activities.