Question

When is the insurer not liable to pay according to the section?

a.

When the nominee refuses to accept the payment.

b.

When the policyholder is alive.

c.

When the insurer has not received notice of cancellation or change of nomination.

d.

When the policyholder requests a payment delay.

Answer: (c).When the insurer has not received notice of cancellation or change of nomination. Explanation:The insurer is not liable for payment under the policy if it has been made bona fide to a nominee mentioned in the policy or registered in the insurer's records, unless the insurer has received notice of cancellation or change of nomination.

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Q. When is the insurer not liable to pay according to the section?

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