An Insurance Policy Cannot Be Canceled Only for Nonpayment of a Premium

question 12

True/False

An insurance policy cannot be canceled only for nonpayment of a premium.

---

Definitions:

Qualified Fee Estate

A type of land ownership subject to certain conditions or limitations that must be met for full ownership rights to be retained.

Convey

To transfer ownership of property (real or personal) from one party to another.

Intestate Succession

The process by which the property of a deceased person is distributed to their heirs according to the laws of the state when they die without a valid will.

Constructive Eviction

A situation where a landlord's actions or a property's condition effectively force a tenant to move out, thereby breaching the lease agreement.