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.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Miles obtains a property insurance policy from
Q52: By insuring property, its owners protect themselves.
Q53: Energy Inc. obtains insurance policies with Fidelity
Q54: Once an insurer has accepted a risk,
Q55: Conflagration Insurance Corporation promises to compensate Dakota
Q57: Good faith requires the party who is
Q58: For a business, comprehensive general liability insurance
Q59: When it is unclear whether an insurance
Q60: With a binder, an applicant for insurance
Q61: Architecture P.A. obtains an insurance policy that