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Commerce · Q353

Insurance

Graduate and Post Graduate · Commerce · question 353

Q353

The date of issue of the FPR indicates

A.
The date when the risk effectively begins
Answer
B.
The date when the next premium falls due
C.
The date when the policy will commence
D.
None of the above

Answer: Option A

Solution

Answer: Option A
Solution:
The date of issue of the FPR indicates the date when the risk effectively begins.