If a policyholder applies for cancellation of policy soon after he receives the FPR
a. The full premium will be refunded.
b. The full premium after some small deduction will be refunded.
c. The policy will be treated as lapsed from the next premium due date.
d. He will be debarred from taking any further insurance policie
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Answer:
answer is a c. the policy will be created from the next premium due date.
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Answer:
If a policyholder applies for cancellation of policy soon after he receives the FPR
a. The full premium will be refunded.
b. The full premium after some small deduction will be refunded.
c. The policy will be treated as lapsed from the next premium due date.
d. He will be debarred from taking any further insurance policie
Explanation:
I don't know
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