Question

Under what circumstance would the condition of keeping the policy in force for a certain period not apply?

a.

Upon policy surrender

b.

Upon policy issuance

c.

Upon policy endorsement

d.

Upon policy maturity

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Upon policy surrender Explanation:The condition of keeping the policy in force for a certain period typically does not apply upon policy surrender. Bonuses may still be payable in some cases, subject to policy terms.

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Q. Under what circumstance would the condition of keeping the policy in force for a certain period not apply?
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