New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What term applies to conditions that must be met before

    the insurer’s obligations arise? 
    A Condition subsequent Correct Answer Incorrect Answer
    B Express condition Correct Answer Incorrect Answer
    C Implied condition Correct Answer Incorrect Answer
    D Condition precedent Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A condition precedent is a condition that must be fulfilled before the insurer's obligations under the policy come into effect.

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