The Best Description for a "Participating Policy" Is That the Owner

question 88

Multiple Choice

The best description for a "participating policy" is that the owner is

• A)entitled to receive a share of the net operating profits of the insurance company.
• B)entitled to receive a refund because the insurance company has overcharged on premiums.
• C)entitled to receive dividends paid on the common stock of the insurance company.
• D)entitled to refunds from extra premiums from policyholders who have canceled their policies.

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Definitions:

Competitiveness

The drive or inclination to strive for success or superiority over others in situations such as sports, academics, or business.

Impatience

A feeling of frustration or eagerness often resulting from having to wait or from slow progress.

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and eventually loss of ability to carry out the simplest tasks.

Forgetfulness

A minor memory problem that includes the inability to remember information or events which are usually easily recalled, often considered a normal part of aging.