Which of the following is false in regard to an insurer's right to cancel a policy of insurance?
A) An insurer who rightfully cancels a policy is not required to a refund of premium payments covering future time periods.
B) Typically a grace period is required before a policy may be cancelled.
C) State statutes usually govern the circumstances under which an insurer may cancel a policy.
D) Car insurance may be canceled if the insured loses her license because of a driving violation.
E) If an insured fails to pay premiums after a certain period,the insurance company may cancel.
Correct Answer:
Verified
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