In NJ under the misstatement of age provision, when done intentionally or unintentionally, an insurance company must:
a. Immediately void the policy.
b. Be responsible for any past and present claims.
c. Report the fraudulent policyholder to the state insurance board.
d. Pay benefits according to the correct age at the time the application is made.

Question

16-06-2024
Business

Answered

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In NJ under the misstatement of age provision, when done intentionally or unintentionally, an insurance company must:
a. Immediately void the policy.
b. Be responsible for any past and present claims.
c. Report the fraudulent policyholder to the state insurance board.
d. Pay benefits according to the correct age at the time the application is made.

Sagot :

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