Answered

According to the Unpaid Premium provision in health insurance policies, what will the insurer do if the insured missed a premium payment and then submitted a claim?

A. Pay the claim but withhold the amount of the premium due
B. Pay the full amount of the claim
C. Deny the claim since the insured defaulted on the premium
D. Cancel the policy for nonpayment of the premium



Answer :

GinnyAnswer

Final answer:

The insurer would cancel the policy for nonpayment of the premium.


Explanation:

According to the Unpaid Premium provision in health insurance policies, if the insured missed a premium payment and then submitted a claim, the insurer would typically:

  1. Cancel the policy for nonpayment of the premium.

This action is a standard procedure to enforce the payment terms of the insurance policy.


Learn more about Unpaid Premium Provision in Health Insurance Policies here:

https://brainly.com/question/37741391


Other Questions