📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Policy that can be cancelled or have the premium s

    raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as ______.
    A Receipt Paper Correct Answer Incorrect Answer
    B Consequential loss Correct Answer Incorrect Answer
    C Contract Paper Correct Answer Incorrect Answer
    D Conditional Renewable Correct Answer Incorrect Answer

    Solution

    Policy that can be cancelled or have the premium is raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as Conditional Renewable.

    Practice Next
    More Insurance Awareness Questions