Claims or surrender options must be settled upon receipt of due proof of death of the insured or upon surrender of the policy within what time period?

a. Two months

b. Five months

c. One month

d. Three months

Answer: A

Insurance

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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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All of the following are true regarding rebates EXCEPT
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