Solved

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

Question 43

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents