Final answer:
The Legal actions provision is NOT a required provision under the NAIC Uniform Provisions Law.
Step-by-step explanation:
The correct answer is d) Legal actions provision.
The NAIC Uniform Provisions Law is a set of guidelines that regulate insurance policies in the United States. It ensures that policies include certain provisions that protect policyholders and establish common standards across the industry. The required provisions under the NAIC Uniform Provisions Law include the Change of occupation provision, Grace period provision, and Reinstatement provision.
The Change of occupation provision allows the policyholder to change their occupation without affecting their insurance coverage. The Grace period provision grants the policyholder a specific period after the premium due date to make the payment without penalty. The Reinstatement provision allows the policyholder to reinstate a lapsed policy by making the necessary premium payments and providing proof of insurability.
However, the Legal actions provision is not a required provision under the NAIC Uniform P
rovisions Law. This provision pertains to the rights and procedures that govern legal actions or disputes between the policyholder and the insurance company.