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This question belongs to Commerce Insurance

Insurance

?

State the incorrect statement

A) In the event of loss of policy document, no fresh proposal needed B) The insurer will in such an event issue a duplicate policy without making any change in the contract C) No fresh underwriting is involved for issue of a duplicate policy D) The assured has to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy

Answer & Solution

Correct Answer: Option D

The assured does not have to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy.

Question posted by Examveda

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