The surrender value of an insurance policy is
A) the expected payment commitment on existing policy contracts.
B) a fund established and held separately from the company's other assets.
C) the cash value paid to the policyholder if the policy is terminated before it matures.
D) the same as the endowment payout.
Correct Answer:
Verified
Q82: Which of the following insurance products protects
Q83: The largest liability category on the balance
Q84: The insurance company that was the largest
Q85: The McCarran-Ferguson Act of 1945
A)separated commercial banking
Q86: The two policy categories offered by property-casualty
Q88: Variable universal life insurance policies
A)have fixed premiums
Q89: Life insurance guaranty funds
A)are sponsored by state
Q90: As of 2015,the primary regulator of both
Q91: Property-casualty insurance involves
A)insurance coverage related to the
Q92: Underwriting risk faced by property-casualty insurance companies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents