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      Question

      Which of the term is the used when a policy has lapsed

      due to non-payment of premium?
      A Policy Backed Correct Answer Incorrect Answer
      B Policy Unforced Correct Answer Incorrect Answer
      C Policy in variance Correct Answer Incorrect Answer
      D Policy not in force Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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