Multiple Choice
Failure to pay a premium on time may cause the policy to
A) subrogate.
B) be assigned.
C) lapse.
D) be considered fraudulent.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: A person would not have an insurable
Q27: On a life insurance application, Fletcher stated
Q28: The type of life insurance that provides
Q29: Most life insurance policies become effective when
Q30: Major medical policies have a deductible feature.
Q32: According to the _ clause, the beneficiary
Q33: Employers often provide insurance for employees under
Q34: All of the following are nonforfeiture rights
Q35: An insured who can no longer pay
Q36: A life insurance policy that provides protection