n NISM Certifications
NSM General NISM
Medium

What happens if the proposer fails to sign the declaration in the proposal form?

Practice question from IC 38 Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Proposal becomes invalid

    Correct answer

  2. B

    Premium increases

  3. C

    Insurer waives utmost good faith

  4. D

    Insurer cancels the policy

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

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