Which of the following statements about participating life insurance is true?

Comprehensive and Detailed Step by Step Explanation:

Participating life insurance policies, often issued by mutual companies, include the possibility of dividends:

Dividends (A)represent a share of surplus profits distributed to policyowners.

Policyowners are not assessed for losses (B); the insurer bears those.

The insured and policyowner can be different individuals, making (C) incorrect.

Mutual insurers typically issue participating policies, not stock companies (D).