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This question belongs to Commerce Insurance

Insurance

?

Which one of the following statements is correct?

A) Revivals are not done unless the entire outstanding premium is paid B) Revivals are not done unless the underwriter agrees C) Both the statements above are correct D) Both the statements above are wrong

Answer & Solution

Correct Answer: Option D

Both the statements are incorrect. Revivals can be done before the entire outstanding premium is paid. Revivals can be done before the underwriter agrees.

Question posted by Examveda

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