MCQOPTIONS
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MCQOPTIONS
| 1. |
When is a policy deemed to be lapsed? |
| A. | f the premiums are not paid on due date |
| B. | f the premiums are not paid before the due date |
| C. | f the premium has not been paid even during days of grace |
| D. | f the policy is surrendered |
| Answer» D. f the policy is surrendered | |