XCEL Solutions Chapters 1-4 | 75 Questions with 100% Correct Answers | Verified | Latest Update 2024

a nonparticipating company is sometimes called a - stock insurer Fraternal Benefit Society has each other the following characteristics except - exist for profit The Fair Credit and Reporting Act's main purpose is to - protect consumers with guidelines regarding credit reporting and distribution A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the - reinsurer What kind of life insurance policy issued by a mutual insurer provides a return of divisible surplus? - participating life insurance policy What is considered to be the primary reason for buying life insurance? - provide death benefits An insurer's ability to make unpredictable payouts to policyowners is called - liquidity The Do Not Call Registry offers exemptions for calls placed from all of the following except - insurance sales calls Why are dividends from a mutual insurer not subject to taxation? - Because dividends are considered to be a return of premium