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Jin, the Insured Under a Life Insurance Policy, Fails to Pay

Question 56

Multiple Choice

Jin, the insured under a life insurance policy, fails to pay the premium on its due date but makes the payment within the next thirty days. Ordinarily, under an antilapse clause, this policy would


A) automatically lapse.
B) not be canceled.
C) be subject to arbitration concerning the propriety of the payment.
D) be adjusted proportionate to the delay in the premium payment.

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