Question

What is the purpose of including the "Provision for cancellation of the policy on grounds of misrepresentation, fraud, non-disclosure of material facts, or non-cooperation of the insured" in a health insurance policy document?

a.

To give the insured more time to pay the premium

b.

To provide extra benefits to the policyholder

c.

To outline the insurer's rights if the policy is canceled for specific reasons

d.

To offer additional coverage

Posted under IC38 Life Insurance Agent Exam

Answer: (c).To outline the insurer's rights if the policy is canceled for specific reasons Explanation:Including the provision for cancellation of the policy on specific grounds in a health insurance policy document is done to outline the insurer's rights if the policy is canceled for those reasons.

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