Question 3024 of 287 · Texas Life, Accident and Health Agent Exam
A life insurance policy is called conditional because the insurer's duty to pay depends on
Exactly one answer is correct.
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Correct answer to question 3024
- B: the policyowner meeting conditions such as paying premiums and proving the loss
Explanation
The insurer pays only if conditions such as premium payment and a covered loss are met. Failure to satisfy the conditions releases the insurer.
More questions: Life: Application, Underwriting, Delivery and Contract Law
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