14. Mary Kay has failed to make two consecutive premium payments on her partnership-qualified LTCI policy....
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14. Mary Kay has failed to make two consecutive premium payments on her partnership-qualified LTCI policy. The insurer contacts Mary Kay's son, who promptly submits the missed payments, and the policy is automatically reinstated. This indicates what kind of policy provision? ca. nonforfeiture benefit ob, extension of benefits Oc unintentional lapse protection d. guaranteed renewability 14. Mary Kay has failed to make two consecutive premium payments on her partnership-qualified LTCI policy. The insurer contacts Mary Kay's son, who promptly submits the missed payments, and the policy is automatically reinstated. This indicates what kind of policy provision? ca. nonforfeiture benefit ob, extension of benefits Oc unintentional lapse protection d. guaranteed renewability
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Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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