Q846
In respect of Bonuses, which of the following is incorrect?
A.
Bonuses once declared, get attached to the policy and can’t be taken away
B.
Bonuses form part of liability of a company
C.
Premiums need not have been paid for a specified no. of years
AnswerD.
All of the above
Answer: Option C
Solution
Answer: Option C
Solution:
In respect of Bonuses, Premiums need to be paid for a specified no. of years.