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Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds-Answer Shareholders
Which of the following financial products creates an instant estate, no matter when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - Answer Life insurance
Which of the following outlines the authority given to the producer on behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract - Answer Producer contract
Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders - Answer Policyholders
A stock insurance company is owned by its
Officers
Board directors
Policyowners
Shareholders - Answer Policyowners
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