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N’s policy lapsed when she forgot to pay her premium before going on a 45-day vacation. If she reinstates her policy today, when will coverage on the policy resume?
Options
a. Coverage for accidents resumes 45 days after the insurer accepts the paid-up premium and evidence of continued good health. Illness coverage begins 10 days later.
b. Accident coverage begins immediately upon N’s paying the back premium and signing a statement of continued good health. Illness coverage begins 10 days later.
c. Coverage for both accident and illness resumes immediately upon Jasmine’s paying the back premium and signing a statement of continued good health.
d. Coverage for accidents resumes 45 days after the agent accepts the paid-up premium and evidence of continued good health. Illness coverage begins 10 days later.
Answer: A
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