n NISM Certifications
NSM General NISM
Medium

What are Enabling Provisions in an insurance contract?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Provisions that enable the insurer to cancel the contract

  2. B

    Provisions that enable the insured to claim compensation

  3. C

    Provisions that enable the insurer to charge a higher premium

  4. Provisions that enable the insured to exercise certain rights, such as a grace period or free-look

    Correct answer

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

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