Which of the following statements regarding a life insurance policy dividend is TRUE?
A) It represents a refund of overcharged premium in a non-participating whole life policy
B) It represents the build-up of cash value in a permanent insurance policy
C) It is the distribution of excess of funds accumulated by the insurer on participating policies
D) It is a stockholders return on his investment to the company
Ans: C) It is the distribution of excess of funds accumulated by the insurer on participating policies
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What type of risk focuses upon mismatched asset and liability maturities and durations?
A. Liquidity risk. B. Interest rate risk. C. Credit risk. D. Foreign exchange rate risk. E. Off-balance sheet risk.
A company that wants to establish a dominant market share during the introduction stage of a product's life cycle would be most likely to use a skimming strategy
Indicate whether the statement is true or false