Question

What are some issues related to the policy document of insurance products?

a.

The policy document is not legally negotiable.

b.

The language used in the contract is easily understood by a layman.

c.

Font size is large and easy to read.

d.

Courts interpret the terms mentioned in the contract in case of dispute.

Answer: (d).Courts interpret the terms mentioned in the contract in case of dispute. Explanation:In case of a dispute over settlement of claim, courts interpret the terms mentioned in the insurance contract, indicating the legal aspect of insurance products and the significance of the policy document in resolving disputes.

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Q. What are some issues related to the policy document of insurance products?

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