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Banking Awareness · Q203

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 203

Q203

In regards to insurance, “A policy provision that allows a policy to be restored from a lapsed status and resume active coverage” is termed as?

A.
Reaffirmation
B.
Reinsurance
C.
Reinstatement
Answer
D.
Revocation

Answer: Option C

Solution

Answer: Option C
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