Ace the Florida Life & Health Insurance Test 2026 – Dive In and Secure Your Success!

Question: 1 / 400

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

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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A stock plan

A mutual plan

A dual-choice plan

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