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Bill the producer is collecting the initial premium on a health policy. Which of the following statements is true?
Options
A) The contract is not in force without the initial premium being paid
B) A partial initial premium is acceptable
C) The insured has no advantage to pay the initial premium at the time of application
D) A claim must be honored by the insurer even if an initial premium is not paid
Answer: A) The contract is not in force without the initial premium being paid
The above question Bill the producer is collecting the initial premium on a health policy. Which of the following statements is true?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
