Multiple Choice
Alex receives a conditional receipt after paying the initial premium with his policy application. The next day Alex submits a clean bill of health report to his insurance agent. Later that night, Alex is killed in a hit and run accident while out jogging. What is the insurance agency's responsibility in this instance?
A) Return the premium to Alex's estate.
B) Pay the claim less the initial premium
C) Only pay a percentage of the claim
D) Pay the full claim.
Correct Answer:
Verified
Correct Answer:
Verified
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