Page 133 - IC38 GENERAL INSURANCE

Test Yourself 4
In case the premium payment is made by cheque, then which of the below
statement will hold true?
I. The risk may be assumed on the date on which the cheque is posted
II. The risk may be assumed on the date on which the cheque is deposited by

the insurance company
III. The risk may be assumed on the date on which the cheque is received by the

insurance company
IV. The risk may be assumed on the date on which the cheque is issued by the

proposer

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