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The purpose of the reinstatement provision of a life insurance policy is to provide a period of time A) during which the policyowner may pay

The purpose of the reinstatement provision of a life insurance policy is to provide a period of time A) during which the policyowner may pay a premium in default without causing the policy to lapse. B) after which the insurer allows the policyowner to take a policy loan. C) after which the insurer is prohibited from challenging the policy on the basis of fraud. D) during which the policyowner may reactivate a lapsed policy

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