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An Individual Will Not Be Granted a Discharge,if Such Discharge

question 49

Multiple Choice

An individual will not be granted a discharge,if such discharge has been granted to the individual within the previous:


Definitions:

Short Rate

A penalty premium amount charged when an insurance policy is terminated by the policyholder before the end of its term.

Coinsurance Clause

A provision in an insurance policy that defines the split of costs between the insurer and the insured after the deductible is met.

Coinsurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, serving to share risk between the insurer and insured.

Life Policy

A contract with an insurance company that pays a designated beneficiary a sum of money upon the death of the insured person.

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