Multiple choice

On which of the following grounds can an insurance company cancel the policy at any time?

  1. Non-cooperation by the insured

  2. Misrepresentation

  3. Fraud

  4. Any of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The cancellation clause is also standardized by regulatory provisions and an insurance company may at any time cancel the policy only on grounds of misrepresentation, fraud, non-disclosure of material fact or non-cooperation by the insured.

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