Question
a.
The insurer must inform the insured verbally.
b.
The insurer must communicate in writing the grounds and materials for the decision.
c.
The insurer must cancel the policy immediately.
d.
The insurer must provide a refund of premiums collected to the insured.
Posted under IC 14 Regulations of Insurance Business
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Q. What obligation does the insurer have if they decide to repudiate a policy based on misstatement or suppression of a material fact?
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