Multiple Choice
Which of the following is provided for by statute with respect to life insurance?
A) The beneficiaries must contribute to the payment of the premium on a prorated basis.
B) Anyone can insure the life of a person who gives written consent to the contract.
C) It requires a coinsurance clause that prevents coverage for less than its value.
D) Life insurance contracts may require the payment of deductibles on loss.
Correct Answer:
Verified
Correct Answer:
Verified
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