Vidyalelo
Commerce · Q968

Insurance

Graduate and Post Graduate · Commerce · question 968

Q968

For the subsequent premiums received by the insurance company after the first premium, the company will issue _________.

A.
Revival premium receipt
B.
Restoration premium receipt
C.
Reinstatement premium receipt
D.
Renewal premium receipt
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
For the subsequent premiums received by the insurance company after the first premium, the company will issue Renewal premium receipt.