Ques:- What is policy laps ?
Asked In :-
Samundra Institute of Maritime Studies, Spire Healthcare, Calgary Stampede, Donegal County Council, International Criminal Court (ICC), China Bank, VITAE International Accounting Services, Primrose School, Port Authority of New York and New Jersey, city of cape town,
Right Answer:
Policy lapse refers to the termination of an insurance policy due to non-payment of premiums, resulting in the loss of coverage.
Policy lapse refers to the termination of an insurance policy due to non-payment of premiums, resulting in the loss of coverage.