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stock company - Answer- The insurer organized to return a profit to the stockholders is what type of insurer? Insurer - Answer- When agents act within the scope of their contract, their actions will he assumed to be the acts of whom? Mutual Company - Answer- The type of insurance company organ...

If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be - Answer- Authorized A participating insurance policy may do which of the following? - Answer- Pay dividends to the policy owner An insured owns a life insurance po...

If the agent fails to obtain an applicant's signature on the application, the agent must: a) Sign the application, stating it was by the agent b) Send the application to the insurer with a note explaining the absence of the signature c) Return the application for a signature d) Sign the applica...