Solved

The Term Guaranteed Renewable Means That the Insurer Is

Question 18

Multiple Choice

The term guaranteed renewable means that the insurer is


A) required to renew the policy as long as premium payments are made, and the premium may be increased.
B) required to renew the policy as long as premium payments are made, and the premium may not be increased.
C) not required to renew the policy if the premium is increased.
D) not required to renew the policy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents