n NISM Certifications
NSM General NISM
Medium

What happens if a comprehensive motor policy lapses for more than 90 days?

Practice question from IC 38 Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The accrued No Claim Bonus (NCB) benefit is lost

    Correct answer

  2. B

    The policy remains valid with all continuity benefits

  3. C

    The policyholder is penalized

  4. D

    None of the above

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

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