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WV LIFE INSURANCE LAW FINAL EXAM WITH CORRECT ANSWERS Fraternal Benefit Societies - Incorporated society, order, or supreme lodge, without capital stock, that operates solely for the benefit of its members and under a lodge system with a ritualistic form of work and benefit packages are only sold to members of the society Reinsurance - The act of one insurer selling part of a policy to another insurer where the original insurer is called the ceding company, and the purchasing ins...

WV Life Insurance Law Exam Questions With 100% Correct Answers 2024