n NISM Certifications
NSM General NISM
Medium

Under what conditions can an insurer reinstate a policy without requiring evidence of insurability?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. If the policy has been in a lapsed state for a very short period of time

    Correct answer

  2. B

    If the policy has been in a lapsed state for more than a year

  3. C

    If the policyholder provides a medical examination report

  4. D

    If the sum assured or face amount is large

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

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