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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.

This Question Belongs to Commerce >> Insurance

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