To Avoid Risk While Waiting for an Insurance Policy to Be

question 40

True/False

To avoid risk while waiting for an insurance policy to be formally accepted,an insured may choose to have the insurer issue a 'lapse policy' to provide interim coverage.

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Definitions:

Bicultural Identity

The condition of identifying with and integrating two distinct cultures within an individual's lifestyle, beliefs, and value system.

Original Culture Identity

Refers to the culture a person identifies with based on their upbringing and original cultural influences.

Dominant Culture

The established language, religion, behavior, norms, and social practices that are considered the standard or norm in a society.

Ethnic Identity

How members of ethnic, racial, and cultural minorities view themselves, both as members of their own group and in terms of their relationships with other groups.