Vidyalelo
Commerce · Q364

Insurance

Graduate and Post Graduate · Commerce · question 364

Q364

Which one of the following statements is correct?

A.
A policy reported to be lost, may actually have been assigned
Answer
B.
A policy has no value after the payment of survival benefits
C.
Both the statements above are correct
D.
Both the statements above are wrong

Answer: Option A

Solution

Answer: Option A
Solution:
A policy reported to be lost, may actually have been assigned.