When a Party with the Power to Terminate an Insurance

question 73

Multiple Choice

When a party with the power to terminate an insurance policy exercises that power,a(n) ________ has occurred.

• A)lapse
• B)cancellation
• C)reformation
• D)rescission

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Definitions:

Social Construct

A concept or perception of an idea or practice that has been created and accepted by the people in a society through cultural or social practice.

Biological Fact

A statement or principle that is objectively verifiable and based on empirical evidence from the study of living organisms.

Labor Activism

Efforts and movements aimed at improving working conditions, wages, and the rights of workers.

Civil Rights Movement

A social movement in the United States during the 1950s and 1960s, led primarily by African Americans in an effort to end racial discrimination and gain equal rights under the law.