In insurance, if coverages are rejected in writing by the insured, they remain waived indefinitely and do not need to be reinstated annually or modified unless chosen otherwise by the insured.
The option (B) is correct.
The question pertains to the rules regarding the renewal or reinstatement of specific insurance coverages that an insured party has the option to reject at the policy inception. When an insured rejects these coverages in writing, the correct answer is that the coverages need to be waived indefinitely.
This means once the insured has rejected the coverages, they do not automatically come into effect again in the future, nor do they need to be reinstated or modified unless the insured decides to opt back in at a later date.
This question is not complete, Here I am attaching the complete question:
Although both coverages must be offered at policy inception, if rejected in writing by the insured, the coverages need ______________.
a) Automatically renewed
b) Reinstated annually
c) Waived indefinitely
d) Modified as needed