An insured who owns a Disability Income policy forgot to pay the premium due on July 1. If the insured tiles a disability daim on July 31, the insurance company will O A. deny the claim O B. O C. O D. pay the claim but deduct the unpaid premium reinstate the policy and then pay the dam cancel the policy and return all premiums peld
An insured who owns a Disability Income policy forgot to pay the premium due on July 1. If the insured tiles a disability daim on July 31, the insurance company will O A. deny the claim O B. O C. O D. pay the claim but deduct the unpaid premium reinstate the policy and then pay the dam cancel the policy and return all premiums peld
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question

Transcribed Image Text:An insured who owns a Disability Income policy forgot to pay the premium due on July 1. If the insured tiles a disability daim on July 31, the insurance company will
O A. deny the claim
O B.
O C.
O D.
pay the claim but deduct the unpaid premium
reinstate the policy and then pay the dam
cancel the policy and return all premiums peld
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