Q365
Which one of the following statements is correct?
A.
The foreign exchange regulations apply if the life insured is a non-resident
B.
The foreign exchange regulations apply if the claimant is a non-resident
C.
Both the statements above are correct
AnswerD.
Both the statements above are wrong
Answer: Option C
Solution
Answer: Option C
Solution:
Both the statements are correct. The foreign exchange regulations apply if the life insured is a non-resident. The foreign exchange regulations apply if the claimant is a non-resident.