The Best Description for a "Participating Policy" Is That the Owner

The best description for a "participating policy" is that the owner is

A) entitled to receive a share of the net operating profits of the insurance company.
B) entitled to receive a refund when the insurance company has overcharged on premiums.
C) entitled to receive dividends paid on the common stock of the insurance company.
D) entitled to refunds from extra premiums from policyholders who have cancelled their policies.