Which of the Following Statements Is True Concerning Return of Premium

question 51

Multiple Choice

Which of the following statements is true concerning return of premium term insurance?
I.The protection provided while the term insurance was in force was free.
II.The premium returned does not include the cost of any riders or loadings if the insured was a substandard risk.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Formal Communication

Communication that follows established protocols and structures, often within organizational settings, such as reports or official meetings.

Electronically

Pertaining to processes or systems that operate via electronic devices or the internet.

Personally

Done in person or by oneself, often implying a direct involvement or interest in a particular matter.

Reframing

The process of changing the perspective or interpretation of a situation or concept to view it in a different light or context.