Answered

California law requires an insurance company's dividends be credited
A. To policyholders of policies issued by stock companies.
B. To participating policies on the anniversary date of the policy provided all
premiums are current.
C. To extended term policies on the anniversary date of the policy provided
all premiums are current.
D. To all reduced paid-up policies on the anniversary date of the policy
provided all premiums are current.



Answer :

GinnyAnswer

Final answer:

California law mandates insurance company dividends to be credited to participating policies on the policy anniversary if premiums are current.


Explanation:

California law requires an insurance company's dividends be credited to participating policies on the anniversary date of the policy provided all premiums are current.

Dividends in insurance companies are payments made to policyholders, usually as a share of the company's profits. This helps enhance the value and benefits of the policy for the policyholders.

These dividends play a role in rewarding policyholders and maintaining their interest in the insurance company.


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