Which of the following statements is (are)true regarding cancellation of Homeowners 3 policy?
I.Under no circumstances may the policy be cancelled before the expiration date.
II.The policy can be cancelled for specified reasons is insurer follows the cancellation provisions specified in the policy
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Homeowners 3 policy can be cancelled for specified reasons if the insurer follows the cancellation provisions specified in the policy. It may include reasons such as non-payment of premium, fraud, misrepresentation, or material change in risk. However, under no circumstances may the policy be cancelled before the expiration date unless specified in the policy provisions.

Which of the Following Statements Is (Are)true Regarding Cancellation of Homeowners