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What does as soon as reasonably possible mean in an insurance policy?
Wiki User
∙ 13y ago
It pretty much means as it says. Reasonable is defined as what the average person of the general public would deem prudent and commonly acceptable under a given circumstances.
Wiki User
∙ 13y ago
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If you let a life insurance policy lapse and then later have it reinsted how long do you have to wait before you can sell that life insurance policy?
What do you mean "Sell" the life insurance policy? Once it is back in force and you are the owner, you can cash it in at any time if there is in fact a cash value. I guess you would have to better define what you mean by selling it.
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