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Exam term

Saving age

The practice of backdating a policy to a date before the insured's last birthday counted for rating, so the insured pays a lower premium for life.

Lessons that use this term

  • New York policy backdating limits and HIV testing consent rules (Ins. Law 3208, 2611) New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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