Question

Liberalization states, "The insured gets the benefit of any broadened coverage if the company, within __________ days of inception, adopts a form revision that is broader and without an increase in premium."

Option 1: 30
Option 2: 60
Option 3: 90
Option 4: 120

Answer 1

Liberalization states that the insured gets the benefit of any broadened coverage if the company adopts a form revision within 90 days of inception.

Step-by-step explanation:

The answer to the question is option 3: 90 days.

Liberalization states that if the insurance company adopts a form revision within 90 days of inception that is broader and without an increase in premium, the insured will get the benefit of the broadened coverage.