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Author Question: Which of the following statements is (are) true regarding exclusions in life insurance contracts? ... (Read 17 times)

bcretired

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on: Jul 11, 2018
Which of the following statements is (are) true regarding exclusions in life insurance contracts?
 
  I. Life insurance policies are remarkably restrictive, including numerous exclusions.
  II. A life insurer may exclude death attributable to certain activities or hobbies disclosed on the application.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements is (are) true concerning the automatic premium loan provision?
 
  I. Unlike other policy loans, interest is not charged on automatic premium loans.
  II. The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Dominic

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


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