Dividends from a stock company are normally sent to:

Beneficiaries

Shareholders

Policy holders

Insureds-Answer Shareholders

Which of the following financial products creates an instant estate, no matter when the date of death?

Mutual funds

Life insurance

Certificate of deposit

Deferred annuity - Answer Life insurance

Which of the following outlines the authority given to the producer on behalf of the insurer?

Rebating arrangement

Commingling contract

Controlled business clause

Producer contract - Answer Producer contract

Dividends from a mutual insurance company are paid to whom?

Policyholders

Beneficiaries

Preferred stockholders

Stockholders - Answer Policyholders

A stock insurance company is owned by its

Officers

Board directors

Policyowners

Shareholders - Answer Policyowners