Nearly All Mutual Companies Issue Only Nonparticipating Policies

question 29

True/False

Nearly all mutual companies issue only nonparticipating policies.

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Definitions:

Multiply

The mathematical operation of increasing one number by another number, essentially repeated addition.

Simplify

To alter a mathematical expression or equation to make it easier to understand or work with by reducing it to its most basic form.

Multiply

The mathematical operation of repeated addition of a number by itself a specified number of times.

Simplify

The process of reducing an expression to its simplest form.