Which of the following statements about the reinstatement of individual life insurance policies is NOT correct?
A) To reinstate a policy, the insured is never required to provide evidence of insurability.
B) The insured must make back payment of premiums and pay any other indebtedness.
C) Policies can be reinstated within 3 years from the date of premium default.
D) Policies cannot be reinstated if they were surrendered for their cash surrender value."
Ans: A) To reinstate a policy, the insured is never required to provide evidence of insurability.
Business
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