A lapse in insurance policy occurs when: - SchoolNGR

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A lapse in insurance policy occurs when:

A lapse in insurance policy occurs when:

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Premium payment stops
B Compensation is approved
C Insurer changes ownership
D Policy document renews

Correct Answer: Option A

Explanation:
Policies may lapse when policyholders fail to continue paying required insurance premiums.

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