Question

What is the purpose of subsequent premium receipts, also known as Renewal Premium Receipts (RPR)?

a.

To confirm policy termination

b.

To mark the beginning of the insurance policy

c.

To act as proof of payment for further premiums

d.

To replace the original policy document

Answer: (c).To act as proof of payment for further premiums Explanation:Renewal Premium Receipts (RPRs) are issued to act as proof of payment for additional premiums and are essential for disputes related to premium payments.

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Q. What is the purpose of subsequent premium receipts, also known as Renewal Premium Receipts (RPR)?

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