Demo INS001FL LHA PassPrep Course: Unit 1 - Basic Principles of Life & Health - Questions 1 - 20: 13. The generated surplus of a mutual company is distributed to? (Ch.2)

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A return of excess premium, therefore are not taxable.

Policy owners as "dividends." These policies "participate" or share in the companies surplus. They are called "par policies."

Stockholders.

Its Stockholders as a dividend.