Ellen purchased a health insurance policy.Under the renewal provision in the policy,the insurer has the right to terminate coverage on the policy anniversary date.This renewal provision is

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The fact that the insurer has the right to terminate coverage on the policy anniversary date indicates that the policy is not noncancellable or guaranteed renewable. It is also not cancelable (as that would mean Ellen could terminate the policy, not the insurer). The best option is therefore that it is optionally renewable, meaning the insurer has the option to renew or terminate coverage each year.

Ellen Purchased a Health Insurance Policy