Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

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A stock life insurance company issuing both participating and nonparticipating policies operates on what plan?

  1. A mixed plan

  2. A stock plan

  3. A mutual plan

  4. A dual-choice plan

The correct answer is: A mixed plan

A stock life insurance company issuing both participating and nonparticipating policies does not operate on a stock plan, as that would only involve issuing nonparticipating policies. It also does not operate on a mutual plan, as that would only involve issuing participating policies. It is not a dual-choice plan, as that refers to a plan that allows policyholders to switch between participating and nonparticipating policies. A mixed plan is the most appropriate answer, as it encompasses both participating and nonparticipating policies.

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