n NISM Certifications
NSM General NISM
Medium

What is reinstatement in life insurance?

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

Options

  1. A

    Terminating a policy due to non-payment of premiums

  2. B

    Transferring a policy to another insurer

  3. Restoring a terminated policy

    Correct answer

  4. D

    Converting a policy into a different type

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

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