{"id":32583,"date":"2024-04-15T09:03:51","date_gmt":"2024-04-15T09:03:51","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32583"},"modified":"2024-04-15T09:03:51","modified_gmt":"2024-04-15T09:03:51","slug":"under-special-revival-which-is-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/under-special-revival-which-is-correct\/","title":{"rendered":"Under special revival which is correct?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;It is as though a new policy is issued by altering DOC&#8221; option2=&#8221;The maturity date also gets altered&#8221; option3=&#8221;Difference between old and new premium is payable&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>Under special revival, the policy is revived as if it is a new policy. This means that the policy will have a new policy number, a new date of commencement, and a new maturity date. The insured will also need to pay the difference between the old and new premiums.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: It is as though a new policy is issued by altering DOC. This means that the policy will be treated as if it is a new policy. The policy will have a new policy number, a new date of commencement, and a new maturity date.<\/li>\n<li>Option B: The maturity date also gets altered. This is because the policy is treated as if it is a new policy. The new maturity date will be based on the new date of commencement.<\/li>\n<li>Option C: Difference between old and new premium is payable. This is because the policy is treated as if it is a new policy. The insured will need to pay the difference between the old and new premiums.<\/li>\n<\/ul>\n<p>I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;It is as though a new policy is issued by altering DOC&#8221; option2=&#8221;The maturity date also gets altered&#8221; option3=&#8221;Difference between old and new premium is payable&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#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-32583","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>Under special revival which 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\/under-special-revival-which-is-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Under special revival which is correct?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;It is as though a new policy is issued by altering DOC&#8221; 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