n NISM Certifications
NSM General NISM
Medium

How do life insurance companies handle the loss of a policy document?

Practice question from IC 38 Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    They have no procedure for handling loss of the policy document

  2. B

    The policyholder must reapply for a new policy

  3. They have standard procedures to follow in case of loss

    Correct answer

  4. D

    They request a police investigation for every lost document

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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