{"id":32331,"date":"2024-04-15T08:59:47","date_gmt":"2024-04-15T08:59:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32331"},"modified":"2024-04-15T08:59:47","modified_gmt":"2024-04-15T08:59:47","slug":"what-is-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-is-correct\/","title":{"rendered":"What is correct"},"content":{"rendered":"

[amp_mcq option1=”Insurer in certain circumstances may waive subsequent premiums” option2=”Policy document and FPR are one and the same” option3=”RPRs are revival premium receipt” option4=”After issue of FPR subsequent premiums are to be paid by the assured” correct=”option4″]<\/p>\n

The correct answer is D. After issue of FPR subsequent premiums are to be paid by the assured.<\/p>\n

A. Insurer in certain circumstances may waive subsequent premiums. This is not always the case. The insurer may waive subsequent premiums if the insured has made a claim and the claim is settled in full. However, the insurer is not obliged to waive subsequent premiums and may choose to continue to charge the insured for the policy.<\/p>\n

B. Policy document and FPR are one and the same. This is not correct. The policy document is the main document that sets out the terms and conditions of the insurance policy. The FPR is a document that is issued by the insurer to confirm that the policy has been renewed.<\/p>\n

C. RPRs are revival premium receipt. This is not correct. RPRs are renewal premium receipts. They are issued by the insurer to confirm that the policy has been renewed and that the insured has paid the renewal premium.<\/p>\n

D. After issue of FPR subsequent premiums are to be paid by the assured. This is correct. After the FPR has been issued, the insured is responsible for paying the subsequent premiums. The insurer will not pay the subsequent premiums on behalf of the insured.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”Insurer in certain circumstances may waive subsequent premiums” option2=”Policy document and FPR are one and the same” option3=”RPRs are revival premium receipt” option4=”After issue of FPR subsequent premiums are to be paid by the assured” correct=”option4″]<\/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-32331","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\nWhat is correct<\/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\/what-is-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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