{"id":32282,"date":"2024-04-15T08:59:00","date_gmt":"2024-04-15T08:59:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32282"},"modified":"2024-04-15T08:59:00","modified_gmt":"2024-04-15T08:59:00","slug":"during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/","title":{"rendered":"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Evidence of insurability at revival&#8221; option2=&#8221;Revival of the policy leading to increase in risk for the insurance company&#8221; option3=&#8221;Payment of unpaid premiums with interest&#8221; option4=&#8221;Insured submitting the revival application within a specified time frame&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. Evidence of insurability at revival<\/strong><\/p>\n<p>Evidence of insurability is the process of proving to an insurance company that you are a good risk to insure. This is done by providing the company with information about your health, lifestyle, and other factors that could affect your risk of filing a claim.<\/p>\n<p>When you revive a lapsed policy, the insurance company will want to see evidence of insurability to make sure that you are still a good risk to insure. If you are not able to provide the required evidence, the insurance company may not revive your policy.<\/p>\n<p>The other options are not as significant to the insurance company as evidence of insurability. Payment of unpaid premiums with interest is important, but it is not as important as ensuring that the insured is still a good risk to insure. Revival of the policy leading to increase in risk for the insurance company is a possibility, but it is not always the case. The insured submitting the revival application within a specified time frame is important, but it is not as important as ensuring that the insured is still a good risk to insure.<\/p>\n<p>In conclusion, the most significant aspect considered by the insurance company during the revival of a lapsed policy is evidence of insurability at revival.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Evidence of insurability at revival&#8221; option2=&#8221;Revival of the policy leading to increase in risk for the insurance company&#8221; option3=&#8221;Payment of unpaid premiums with interest&#8221; option4=&#8221;Insured submitting the revival application within a specified time frame&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32282","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Evidence of insurability at revival&#8221; option2=&#8221;Revival of the policy leading to increase in risk for the insurance company&#8221; option3=&#8221;Payment of unpaid premiums with interest&#8221; option4=&#8221;Insured submitting the revival application within a specified time frame&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T08:59:00+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/","og_locale":"en_US","og_type":"article","og_title":"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.","og_description":"[amp_mcq option1=&#8221;Evidence of insurability at revival&#8221; option2=&#8221;Revival of the policy leading to increase in risk for the insurance company&#8221; option3=&#8221;Payment of unpaid premiums with interest&#8221; option4=&#8221;Insured submitting the revival application within a specified time frame&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T08:59:00+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/","url":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/","name":"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T08:59:00+00:00","dateModified":"2024-04-15T08:59:00+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/during-the-revival-of-a-lapsed-policy-which-of-the-below-aspect-is-considered-most-significant-by-the-insurance-company-choose-the-most-appropriate-option\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Insurance","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/insurance\/"},{"@type":"ListItem","position":4,"name":"During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option."}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32282"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32282\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}