Question

Uniform policy provisions may have the wording changed as long as the modified version is not less favorable to the insured. What is the condition for changing the wording of uniform policy provisions?

1) The modified version should be more favorable to the insured
2) The modified version should be less favorable to the insured
3) The modified version should be the same as the original version
4) The modified version should not be less favorable to the insured

Answer 1

The wording of uniform policy provisions may be changed as long as the modified version is not less favorable to the insured. This ensures that the policyholder's rights and benefits are not diminished.

Step-by-step explanation:

The condition for changing the wording of uniform policy provisions is that the modified version should not be less favorable to the insured. This means that any revisions to the policy language must be at least as beneficial to the policyholder as the original wording. Insurance companies may alter the language for clarification or to offer additional benefits, but they cannot do so in a way that diminishes the rights or benefits of the insured compared to the original policy wording.