Dean Thomas has an insurance policy that cannot be cancelled unless he fails to pay his premium. What provision in his insurance policy would specify this?

Question

Quizplus · Accepted Answer

The provision that would specify that Dean Thomas' insurance policy cannot be cancelled unless he fails to pay his premium is the guaranteed renewable provision. This provision guarantees that the policy will be renewable at the end of each term without any changes to the coverage, except for a possible increase in premium.

Dean Thomas Has an Insurance Policy That Cannot Be Cancelled