Wisconsin Accident and Health Insurance | 230 Questions and Answers(A+ Solution guide)

Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - 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 - 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 - Producer contract Dividends from a mutual insurance company are paid to whom? Policyholders Beneficiaries Preferred stockholders Stockholders - Policyholders A stock insurance company is owned by itsOfficers Board directors Policyowners Shareholders - Policyowners A reciprocal insurer typically has an administrator who manages the premiums collected from the group's members. This administrator is called a(n) Reciprocal commissioner Attorney general Attorney-in-fact Reciprocal - Attorney-in-fact