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Which of the Following Statements Is True of Insurance Policy

Question 59

Multiple Choice

Which of the following statements is true of insurance policy?


A) It is not possible to cancel an insurance policy until the date of maturity.
B) It can be obtained even if one has no insurable interest in that property.
C) It remains in effect even during the overdue grace period.
D) It cannot be modified once issued.

Correct Answer:

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