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Who elects the governing body of a mutual insurance company? - policyholders What year was the McCarran-Ferguson Act enacted? - 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - reserves What is the name of the law that requires i...

GA Life Insurance Exam Questions and Answers Rated A+ Who elects the governing body of a mutual insurance company? policyholders What year was the McCarran-Ferguson Act enacted? 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: reserves ...

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GA: Life Insurance Exam Questions and Answers 100% Pass When does an Endowment Life policy mature? - Correct Answer ️️ -When the Insured dies or reaches the age or date of endowment. A securities license is required to sell which of the following? - Correct Answer ️️ - Variable Universal Life Which is a community based provider of insurance benefits: - Correct Answer ️️ -PPO The Payor Benefit Rider is commonly found in policies insuring: - Correct Answer ️️ - juveniles. ...

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