Question
a.
When the insured has a good relationship with the representative of the company
b.
When the overpayment is of a huge amount or the size or regularity of overpayments is suspicious
c.
When the request to refund the excess premium was to a third party
d.
When the overpayment is made through wire transfers
Posted under IC 14 Regulations of Insurance Business
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Q. In what scenarios should insurers be especially vigilant regarding overpayment of premiums?
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