Insurance protection is dependent upon which of the following qualifications being met on an ongoing basis?

Question

Quizplus · Accepted Answer

Insurance protection is dependent upon the ongoing payment of insurance premiums, as this is the most basic requirement for maintaining coverage. While the worthiness of the insured and the need for insurable protection may be factors in determining the initial coverage offered and the premiums charged, ongoing coverage is primarily determined by payment of premiums. The financial health of the insurer may also impact coverage in the long run, but this is not a qualification that the insured can directly control.

Insurance Protection Is Dependent Upon Which of the Following Qualifications