D is correct. It is standard procedure when an insured cancels for the insurer to issue a short-rate refund and retain a portion of the unearned premium to cover its expenses.
D is correct. Carmen canceled the contract by returning it, and the fact that she later had an accident and regretted her decision has no legal weight.
C is correct. The insurer is not permitted to increase the premium for an individual policy.
A is correct. For all types of insurance, the insurer is permitted to cancel a policy for nonpayment of premium.
A is correct. If an insured selects a long benefit period the insurer will have to charge more premium because it is assuming more risk.
A is correct. The inability to perform the duties of one’s own occupation may provide benefits not provided by a policy that pays only for the inability to work in any occupation.
C is correct. Many forms of sickness do not result in total disability.
C is correct. When a disabling injury is related to an earlier injury, it is an example of a recurrent disability.
B is correct. This is an example of an accidental means definition of disability.
D is correct. Most LTD policies do provide benefits until age 65.
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