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If Insurance Firm Accepts Such Applicants, Who Are at a Greater

Question 24

Multiple Choice

If Insurance Firm accepts such Applicants, Who are at a Greater Than Normal Risk or are Not Insurable, but conceal or falsify the Information about their Actual Condition or Situation, so that, they get Insurance, then this will be known as --. Choose the Most Appropriate Option.


A) Insurance-Screening
B) Adverse Selection
C) Underwriting-Lapse
D) Proposal Re-View

Correct Answer:

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