Điều khoản hợp đồng nhân thọCâu 537 / 716
Which of the following is NOT a typical requirement or effect of reinstating a lapsed life policy?
a.A new contestable/incontestability period begins for statements made in the reinstatement application
b.The policyowner receives a brand-new free-look (right-to-examine) period as if buying a new policy
c.The policyowner must provide evidence of insurability
d.Overdue premiums must be paid, usually with interest
Giải thích
Reinstatement restores the original contract, so it does not trigger a fresh free-look period. It does require proof of insurability, payment of back premiums with interest, and it restarts the contestable and suicide periods for the reinstatement application.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- A spendthrift clause applied to policy proceeds held under a settlement option is intended to:
- A life policy has been in force well beyond its incontestable period. For which reason may the insurer still refuse to pay a death claim?
- An insured dies during the grace period with one premium still unpaid. The insurer will most likely:
- A major advantage of reinstating a lapsed policy rather than buying a brand-new one is that:
- The insured's age was understated on a life application, and the error is found at the time of death. Under the misstatement of age provision, the insurer will:
- Because a misstatement understated the insured's true (older) age, the premiums charged were too low. The adjusted death benefit will therefore be:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)