To Terminate an Insurance Policy by Failing to Make the Required

question 59

True/False

To terminate an insurance policy by failing to make the required premium payments is known as forfeiting.​

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Definitions:

Self Competency

The ability to understand and manage one's own skills, emotions, and behaviors effectively.

Arab Countries

Arab countries are nations in the Middle East and Africa that are part of the Arab League, sharing historical, cultural, and linguistic ties predominantly centered around Arabic.

Pollyanna Principle

The tendency for people to remember pleasant items more accurately than unpleasant ones, reflecting an optimism bias in human memory.

Pleasant Events

Activities or experiences that are enjoyable and contribute to an individual's well-being and happiness.