Exam DISC-IA Practice Question 431
Study guide: Exam DISC-IA
An insurer issued a new one-year HO-3 (HO 00 03 05 11) five months ago, and the premium is paid. Which action does the policy allow the insurer to take now?
- A) Cancel because the insured made two small claims, with 30 days' notice
- B) Cancel because the insured hid a prior fire that would have stopped issue; 30 days' notice
- C) Cancel because the roof is older than the insurer's guidelines allow, with 10 days' notice
- D) Decline to renew at expiration, with 10 days' notice before the expiration date
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