An antilapse clause provides that an insurance policy lapses if the insured does not pay a premium

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An antilapse clause provides that an insurance policy lapses if the insured does not pay a premium exactly on time. (True/False)

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 08:55 AM

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An antilapse clause provides that an insurance policy lapses if the insured does not pay a premium

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False An antilapse clause in an insurance policy is designed to prevent the policy from lapsing in t...View the full answer

Business Law Text And Exercises

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