All of the Following Statements About the Requirements to Reinstate

question 38

Multiple Choice

All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT

• A)Evidence of insurability is required.
• B)The lapse must have resulted from other than the surrender of the policy for its cash value.
• C)All overdue premiums must be paid along with interest from the premium due dates.
• D)There is no time limit on when the policy may be reinstated.

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Definitions:

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