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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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