All of the following are true of the supplemental extended reporting period, except:

Insurance

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All of the following are true of the supplemental extended reporting period, except:

a. It must be purchased within 60 days after the end of the policy

b. The insurer may cancel it after the premium has been paid by the insured

c. The one time premium may not exceed 200% of the annual premium for the coverage part

d. It is an optional extended reporting period of unlimited duration

Answer: b. The insurer may cancel it after the premium has been paid by the insured

The above question All of the following are true of the supplemental extended reporting period, except:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.