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    Business
  3. Study Set
    Risk Management and Insurance
  4. Exam
    Exam 17: Loss of Health
  5. Question
    A Reinstatement Clause Will Allow a Policy That Has Lapsed
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A Reinstatement Clause Will Allow a Policy That Has Lapsed

Question 16

Question 16

True/False

A reinstatement clause will allow a policy that has lapsed to be reinstated as long as premium payments are received by the insurer before the end of the grace period.

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