Simple insterest Study guides, Class notes & Summaries

Simple interest exercise where dates are subtracted, interest rate conversion is done, in loans and onvestments.

Which of the following describes a participating life insurance policy? - ANSWER-A participating life policy is one in which the policyowner receives dividends deriving from the company's divisible surplus What type of reinsurance contract between two insurers involves an automatic sharing of the risks assumed? - ANSWER-Under treaty reinsurance, each party automatically accepts specific percentages of the insurer's business. At what point must a life insurance applicant be informed of th...