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This question belongs to Commerce Insurance

Insurance

?

Which is correct?

A) Policy proceeds on surrender may be paid to the assured in an emergency B) Only wife can be a trustee in such policy C) If a trustee is not appointed the policy money can only be paid to the official trustee of the state D) Only children can be beneficiaries of the policy

Answer & Solution

Correct Answer: Option C

If a trustee is not appointed the policy money can only be paid to the official trustee of the state.

Question posted by Examveda

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