Question

What is emphasized regarding the charges other than premium allocation charge and mortality cost?

a.

They have no upper limit

b.

They have an upper limit

c.

They are fixed throughout the policy term

d.

They vary based on market conditions

Posted under IC 14 Regulations of Insurance Business

Answer: (b).They have an upper limit Explanation:All the charges other than premium allocation charge and mortality cost shall have an upper limit. This ensures that policyholders are protected from excessive charges.

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Q. What is emphasized regarding the charges other than premium allocation charge and mortality cost?
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