Question 1027 of 287 · Texas Life, Accident and Health Agent Exam
Which feature distinguishes a participating policy?
Exactly one answer is correct.
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Correct answer to question 1027
- D: The policyowner may receive dividends from divisible surplus
Explanation
Participating policies share in the insurer's divisible surplus through dividends, which are not guaranteed. Stock and mutual insurers may issue them.
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