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    Question

    If a policy holder stops paying the premium after three

    years, but does not withdraw the money from his policy, then the policy is said to be?
    A Annuity Correct Answer Incorrect Answer
    B AD&D Correct Answer Incorrect Answer
    C Paid UP Correct Answer Incorrect Answer
    D Terminated Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors.

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