1 ABC Insurance Company has released a new whole life participating product. Sheng purchased this new product type and is looking forward to receiving annual dividends. At whose discretion are future dividends approved for distribution to policyholders? QkE0a05TeVIIRWXLMERJUVlobi9CQT09 > a. O Not applicable as only non-participating policies receive dividends b. O Policyholders vote via proxy or in-person at the annual meeting c. If the investment returns from the participating account exceeds its expenses, the policyholders are entitled to a dividend and they need not be approved by any person or party d. O ABC Insurance Company's Board of Directors

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1 ABC Insurance Company has released a new whole life participating product. Sheng purchased this new product type and is looking forward to receiving annual dividends. At
whose discretion are future dividends approved for distribution to policyholders?
QkE0a05TeVIIRWxLMERJUVlobi9CQT09 →
a. O Not applicable as only non-participating policies receive dividends
b. O Policyholders vote via proxy or in-person at the annual meeting
c. If the investment returns from the participating account exceeds its expenses, the policyholders are entitled to a dividend and they need not be approved by any person or party
d. O ABC Insurance Company's Board of Directors
Transcribed Image Text:1 ABC Insurance Company has released a new whole life participating product. Sheng purchased this new product type and is looking forward to receiving annual dividends. At whose discretion are future dividends approved for distribution to policyholders? QkE0a05TeVIIRWxLMERJUVlobi9CQT09 → a. O Not applicable as only non-participating policies receive dividends b. O Policyholders vote via proxy or in-person at the annual meeting c. If the investment returns from the participating account exceeds its expenses, the policyholders are entitled to a dividend and they need not be approved by any person or party d. O ABC Insurance Company's Board of Directors
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