Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 25 (4 points) Three years ago, Lance made several fraudulent misstatements on his application for individual medical expense insurance. However, the insurance company did

image text in transcribed
Question 25 (4 points) Three years ago, Lance made several fraudulent misstatements on his application for individual medical expense insurance. However, the insurance company did not discover these misstatements at that time and issued the policy to Lance. Under the Uniform Individual Accident & Sickness Policy Provisions Act: a) the insurer can rescind the policy at this point only if Lance fails to pay his premiums on time Ob) the insurer cannot void the policy since it has been more than two years since the policy was issued c) the insurer cannot void the policy because of the provisions of the Affordable Care Act d) the insurer can void the policy even though it was issued more than two years ago

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Behavioral Finance And Asset Prices

Authors: David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin

1st Edition

3031244850, 978-3031244858

More Books

Students also viewed these Finance questions