Which of the following is NOT an action related to a contingency?

Study for the Guidewire PolicyCenter Professional Test. Use flashcards and multiple choice questions, each with hints and explanations. Gear up for your exam efficiently!

Adjusting the premium is not an action related to a contingency in the context of insurance policies. A contingency usually refers to a specific condition or event that must occur for certain actions to take place regarding a policy. Actions related to contingencies often involve significant changes to a policy's status, which might include cancelling the policy, rewriting it, or making substantial changes in its terms.

In contrast, adjusting the premium is typically a standard administrative action taken to align the cost of the insurance premium with the overall risk assessment or to reflect changes in coverage, rather than a response to a contingency. Therefore, it does not align with the concept of a contingency in insurance practices.

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