If a man names his wife as beneficiary of his life insurance and the two are thereafter divorced, the insurance policy: ______.
A) is canceled automatically.
B) is not affected.
C) is divided into two policies on the life of each for one-half the amount of the original policy.
D) becomes the property of the former wife.
Correct Answer:
Verified
Q20: Any false statement in an application binds
Q21: All fires that cause damage are classified
Q22: An insured person is generally allowed, by
Q23: A person has a(n) _ in a
Q24: A coinsurance clause provides that after the
Q26: Armenia purchased life insurance on her life.
Q27: Homeowner's insurance is a combination of the
Q28: For property insurance, an insurable interest must
Q29: Fire insurance is a personal contract, and
Q30: An application for insurance: _.
A) may be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents