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

question 24

Multiple Choice

The best description for a "Chaptericipating 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 when 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 cancelled their policies.