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XCEL SOLUTIONS CHAPTER 1 - BASIC PRINCIPLES EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
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A nonprofit incorporated society that does not have capital stock and operates for the sole benefits of its members is known as: Correct Answer: A fraternal benefit society Who elects the governing body of a mutual insurance company? Correct Answer: Policyholder Which of these discribe a participating insurance policy? Correct Answer: Policy owners are entitled to recieve dividends A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Correct Answer: Risk retention grou
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xcel solutions chapter 1 basic principles exam
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