Solved

A Policy in Which the Insurer Cannot Increase Premium Rates

Question 38

Multiple Choice

A policy in which the insurer cannot increase premium rates and must renew the policy until the insured reaches the age specified in the contract is a


A) cancelable policy.
B) conditionally renewable policy.
C) guaranteed renewable policy.
D) noncancelable policy.

Correct Answer:

verifed

Verified

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

Related Questions