The Premium That Is Refunded to Holders of a Participating

question 150

True/False

The premium that is refunded to holders of a participating policy is called the policy dividend.

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Definitions:

Collective Efficacy

A group's shared belief in its conjoint capabilities to organize and execute the courses of action required to produce given levels of attainment.

Superordinate Goals

Objectives that are shared and valued by members of a group, which require collaborative effort to achieve, thus helping to resolve conflicts and unify the group.

Interaction

The process by which two or more entities communicate or affect each other in some way.

Cooperation

Cooperation is the process of groups or individuals working together towards a common goal, often resulting in mutual benefits or achieving shared objectives.