Which modern insurance policy contract provision resulted from an early insurance law that required insurers to buy term insurance for the insured if the owner allowed the policy to lapse?
A) nonforfeiture provision
B) preliminary term reserve system
C) settlement option provision
D) incontestable clause
Correct Answer:
Verified
Q1: The automatic premium loan provision in life
Q2: A Tontine is:
A)a form of endowment insurance
B)used
Q4: Mr.Harvey needs life insurance. He is deciding
Q7: The gender of the person receiving periodic
Q8: Which of the following is NOT a
Q9: Which of the following is false regarding
Q10: McCartney lied on his life insurance application.
Q11: George forgot to pay his monthly life
Q12: Choose the false statement.
A) The insured need
Q16: Mike is dying of AIDS and knows
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