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Question

If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?

A Annuity Correct Answer Incorrect Answer
B AD&D Correct Answer Incorrect Answer
C Paid UP Correct Answer Incorrect Answer
D Terminated Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors.

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