Answer :

Final answer:

The State Farm annual bonus program is the Mutual Auto Insurance Company's Annual Profit Sharing Program. The distribution of bonuses lies on company profitability and there are eligibility requirements for policyholders. This bonus mainly benefits auto policyholders who have maintained their policy throughout the calendar year.

Explanation:

The annual bonus program you're asking about is referred to as the State Farm Mutual Automobile Insurance Company's Annual Profit Sharing Program. What this program entails is primarily dependent on the overall profitability of the company in a given year. Considering several factors including underwriting profits, State Farm shares a portion of its profits with its eligible policyholders. It's important to note that not all policyholders qualify for this bonus - it typically applies to auto policyholders and there are specific eligibility requirements in place.

To truly benefit, it's recommended to maintain comprehensive and collision coverage and remain a policyholder for the entire calendar year. To understand this completely, it's ideal to consult with your State Farm agent or check the details outlined in your specific policy agreements.

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