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Exam CWM_LEVEL_2 All Questions
Exam CWM_LEVEL_2 All Questions

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AAFM Chartered Wealth Manager CWM_LEVEL_2 Question # 192 Topic 22 Discussion

CWM_LEVEL_2 Exam Topic 22 Question 192 Discussion:
Question #: 192
Topic #: 22

Section C (4 Mark)

Read the senario and answer to the question.

Assume Neeraj bought a second hand car in June 2007. Since the insurance premium was due, Neeraj paid it in the old owner’s name.Neeraj didn’t receive the original policy despite repeated requests. The car later met with an accident causing damages worth Rs. 10000. Neeraj had not transferred the car in his name, as Neeraj did not have the original documents. Can the insurer reject his claim?


A.

Claim will be entertained only to the amount of the insurance premium paid.


B.

The claim will be entertained after Neeraj convert the vehicle in his name


C.

The insurance company is well within its right not accepting the claim from Neeraj


D.

No, as Neeraj has paid the insurance premium


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