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:

Collateral Sources

Alternative or secondary sources of information or finance that can be used when primary sources are unavailable.

Applied Psychology

The field of psychology concerned with applying psychological principles and research to solve practical problems in human behavior and experience.

South Africa

A country located at the southern tip of Africa, known for its diverse cultures, languages, and significant historical contexts.

Traditional African Culture

A collective term for the diverse cultures, beliefs, social practices, and products of the African continent that predate or have developed independently of Western influences.