Question

Which party is responsible for ensuring the timely refund of a proposal deposit if it is refundable?

a.

The insured

b.

The insurance agent

c.

The insurer

d.

The insured or the agent

Answer: (c).The insurer Explanation:The insurer is responsible for ensuring the timely refund of a proposal deposit if it is refundable.

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Q. Which party is responsible for ensuring the timely refund of a proposal deposit if it is refundable?

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