In insurance, a waiting period refers to:
A. The time during which the insured is not covered by the policy.
B. The time between submitting a claim and receiving the claim settlement.
C. The time it takes for the insurer to process a new policy application.
D. The time it takes for the insured to recover from an illness or injury.
Answer:A
In insurance, a waiting period refers to:
A. The time during which the insured is not covered by the policy. B. The time between submitting a claim and receiving the claim settlement. C. The time it takes for the insurer to process a new policy application. D. The time it takes for the insured to recover from an illness or injury.