Which of the Following Provisions Requires the Policyholder to Pay

question 48

Multiple Choice

Which of the following provisions requires the policyholder to pay overdue premiums with interest in order to put a lapsed policy back in force?

• A) Incontestability clause
• B) Misstatement of age provision
• C) Naming a beneficiary
• D) Policy reinstatement
• E) The grace period

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Definitions:

Job Embeddedness

The extent to which an employee is tied to their job and community, reducing the likelihood of turnover.

Multicultural Organization

An organization that values diversity and integrates various cultural perspectives into its operations, aiming to create an inclusive and equitable working environment.

Characteristics

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Organizational Learning

The capacity of an organization to acquire, improve, and transfer knowledge within itself, thereby adapting to new conditions and challenges.