What must Elwood do within 10 days to keep his auto policy in force after a premium increase?

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To maintain the validity of his auto policy after a premium increase, Elwood must pay the additional premium within 10 days. Insurance policies typically include a provision that specifies the requirements for keeping coverage in force when premium adjustments occur. If the premium increases and is not paid, the policy may lapse, leading to a loss of coverage.

This timely payment acts as an acknowledgment of the new premium rate and ensures that Elwood continues to enjoy uninterrupted coverage under his insurance policy. It is important for policyholders to understand that failing to pay the required premium amount by the stipulated deadline can result in termination or non-renewal of the policy, which can leave them at risk should they need to file a claim during that period.

Other options, such as submitting a cancellation request or filing a complaint, would not satisfactorily address the need to keep the policy active in the context of an increase in premium. Additionally, switching insurers without first addressing the premium with the current provider does not provide a guaranteed transition of coverage and could potentially leave Elwood without necessary insurance protection during the switch.

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