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This question belongs to Commerce Insurance

Insurance

?

If the proponent has no insurable interest in the insured, the underwriter will

A) Accept with reduced sum assured B) Reject the proposal C) Accept with lien D) Accept with extra premium

Answer & Solution

Correct Answer: Option A

If the proponent has no insurable interest in the insured, the underwriter will accept with reduced sum assured.

Question posted by Examveda

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