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When a stock company issues both participating and nonparticipating policies it is doing business on what kind of plan?
Wiki User
∙ 11y ago
Mixed Plan
Wiki User
∙ 11y ago
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How can an insurance company obtain a certificate of authority to do business in a state?
The company would need to make application for a certificate of authority to the states regulating authority prior to underwriting insurance policies in that state.
What type of business is a company that has customers in only one state?
A company doing business in a single state is an "intrastate" company. One that does business in more than one state is an "interstate" company.
What kind of insurance can you get for a sole proprietorship landscape design business?
There are some really affordable policies for artisan contractors. I have programs for both in-home and business with a physical location outside the home. If you are only doing design, some company will not write the business, but if for the most part the company does lawn maintenance and landscape design, you would need to call any licensed agent in your state. Consider coverage for your equipment and vehicles as well.
E-business plan for any company?
I need an e- business plan for any company
Did Sumter furniture company go out of business?
I heard that Sumter Furniture Company did go out of business.
What is the difference in participating life policies and non participating life policies?
Participating policies are life insurance policies that pay dividends, where dividends enable you (the policyholders) to participate in the insurance company's favorable experiences (such as higher than expected investment returns or lower than expected operation.) Non-participating policies, historically belong to the stock companies where the company's favorable expenses were paid to the stock holders, rather than the people who own policies within the insurance company. Even though the participating policies were mostly offered by the the mutual insurance companies, due to consumer appeals to receive dividends, stock companies also started offering participating policies. You should keep in mind that the dividends are not guaranteed and it is illegal for insurance agents to make future projections (where the participating policies also tend to have little higher premiums.)
What type of an insurer issues participating policies?
A participating life insurance policy is one that pays a dividend to the owner. Mutual life insurance companies offer participating life insurance policies as the policyholders share in the profits of the insurance company since the policy owners are the owners of the company.
What are the company policies of a money exchange business?
shabir shoja
What format do policies follow?
Business policies don't have a specific format like governmental policies. Policies are adopted so that the company can move forward with their organizational goals.
Why is it important to know business policies?
Understanding and knowing the importance of company policies and procedures can help you overcome barriers to growth.
Is hanover insurance a reputable company?
Hanover insurance is a reputable company. They help out everyone with insurance policies. They have insurance policies on items like the home, car, and business insurances.
What is a managerial meeting?
A meeting within a business or company where the managers meet to discuss operations and policies.
What is the contribution of recruitment and selection policies to business strategy?
Recruitment and selection policies help the organization find talent that aligns with the company's strategy. Human resources are charged with carrying out these policies.
What types of insurance policies are offered by the Federal Insurance Company?
There are only a few types of insurance policies offered by the Federal Insurance Company. They would include life and business insurance. There is not much information available other than that.
What is the strategy for a business take over?
Some business takeovers are done when a company or individual buys fifty one percent or more stock in a particular company. Since they own the majority share, they get to make the policies.
What type of life insurance policy pays dividends whole life or equity or partcipating or nonforfeitable?
Question - What type of life insurance pays dividends? Answer - Dividends are paid by participating life insurance policies. The word "participating" suggests that the owner of the policy would get a dividend on the policy if the company earns one. A life insurance company cannot guarantee a dividend as this depends on the performance of the company. Investment performance as well as operating costs come into play. Whole life policies are participating policies. Details: http://www.lifeinsurancehub.net/life-insurance-dividends.html Question - What are "equity" linked policies? Answer - Equity linked policies are life insurance policies that, to put it simply, are hooked up with an investment portfolio...like mutual funds for example. Examples are variable universal life insurance policies and variable life insurance policies. These policies are sold only by "prospectus". The agent must have an NASD license to sell these policies. This license is different from his regular life insurance license. Details: http://www.lifeinsurancehub.net/variablelifeinsurancequote.html Question - What are nonforfeiture values? Answer - If at any time in the future a policy owner wishes to terminate premium payment of a participating life insurance policy policy there are certain option made available by the life insurance company. S/he may surrender the policy for its cash value, extended term life insurance may be purchased with the cash values or the cash values may be applied to purchase a reduced paid up policy. Details: http://www.lifeinsurancehub.net/nonforfeiture-values.html
What are organisational infrastructure?
Organizational infrastructure is the collection of the business procedures and policies of a company based on defined responsibilities and duties of its employees
