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Fred Misstates His Age in Applying for a Life Insurance

Question 4

Multiple Choice

Fred misstates his age in applying for a life insurance policy with Gamma Insurance Company.Due to this "error," Gamma can


A) adjust the amount of the premium or the benefits.
B) cancel the policy.
C) file criminal charges against Fred for fraud.
D) "misstate" the amount payable to the policy's beneficiary.

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