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This question belongs to Commerce Insurance

Insurance

?

State the correct sentence

A) A minor is not eligible for insurance B) Proposal on the life of a minor can be submitted by his parent or guardian after the need for insurance is established C) A minor has no insurable interest in his life and therefore, is ineligible for insurance D) Proposal on a minor life can be submitted by anyone

Answer & Solution

Correct Answer: Option B

Proposal on the life of a minor can be submitted by his parent or guardian after the need for insurance is established.

Question posted by Examveda

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