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WV LIFE INSURANCE LAW FINAL EXAM WITH CORRECT ANSWERS
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---10July 20242023/2024A+
- WV LIFE INSURANCE LAW FINAL EXAM 
WITH CORRECT ANSWERS 
Fraternal Benefit Societies - Incorporated society, order, or supreme 
lodge, without capital stock, that operates solely for the benefit of its 
members and under a lodge system with a ritualistic form of work 
and benefit packages are only sold to members of the society 
Reinsurance - The act of one insurer selling part of a policy to 
another insurer where the original insurer is called the ceding 
company, and the purchasing ins...
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