Are you looking for the correct answer to the question “The Misstatement of Age or Sex provision in a life policy requires the insurance company to take which of the following actions if it discovers that an insured misstated his age at the time of application?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.
The Misstatement of Age or Sex provision in a life policy requires the insurance company to take which of the following actions if it discovers that an insured misstated his age at the time of application?
Options
a. Cancel the policy at any time if the misstatement is proved to be fraudulent.
b. Adjust the proceeds to the amount the premiums would have bought if the applicant had stated the correct age.
c. Cancel the policy if the misstatement is discovered within two years after the issue date.
d. Adjust the premiums by collecting for any underpayment and interest due at the time of a claim.
Answer: B
The above question The Misstatement of Age or Sex provision in a life policy requires the insurance company to take which of the following actions if it discovers that an insured misstated his age at the time of application?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
