11 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? YUdWZDgza2|wajlYb1|sakIhRkE2d09 ® a. • 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 b. • Policyholders vote via proxy or in-person at the annual meeting c. O ABC Insurance Company's Board of Directors d. • Not applicable as only non-participating policies receive dividends YUdWZDgza2|wajlYb1|sakIhRkE2dz09 ® NEXIQUESTION javascript:go_nexto SUBMIT EXAM Q Search

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The correct answer is c ABC Insurance Companys Board of Directors In the ca... View the full answer