Identify the correct option(s).
A. Revival of a lapsed policy is subject to certain conditions as set out by the underwriter
B. Revival of a lapsed policy cannot increase the risk for the insurer
C. Fresh medical examination report is not always required for revival of a lapsed policy
D. All of the above
Answer: Option D
Solution(By Examveda Team)
All the given statements are correct.Revival of a lapsed policy is subject to certain conditions as set out by the underwriter, Revival of a lapsed policy cannot increase the risk for the insurer and Fresh medical examination report is not always required for revival of a lapsed policy.
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