Question

What is one of the conditions required for the revival of a lapsed policy?

a.

Payment of overdue premiums with interest

b.

Providing a medical certificate

c.

Written approval from the insurance agent

d.

Providing evidence of continued insurability

Posted under IC38 Life Insurance Agent Exam

Answer: (a).Payment of overdue premiums with interest Explanation:One of the conditions for the revival of a lapsed policy is the payment of all overdue premiums with interest.

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Q. What is one of the conditions required for the revival of a lapsed policy?
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