W gave ws Study guides, Class notes & Summaries

Which of the following describes a participating insurance policy? - CORRECT ANSWER-Policyowners are entitled to receive dividends At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - CORRECT ANSWER-Upon completion of the application Dividends payable to a policyowner are: - CORRECT ANSWER-Declared by the insurance company. At what point does an informal agreement become a binding contract? - CORRECT ANSWER-When c...