A&H Policy ProvisionsQuestion 37 of 315
Which renewability classification gives the insured the strongest protection by preventing the insurer from raising the premium or refusing renewal during the contract period?
a.Guaranteed renewable
b.Conditionally renewable
c.Optionally renewable
d.Noncancellable
Explanation
A noncancellable policy locks both the premium and the renewal right. Guaranteed renewable lets the insurer raise the premium by class; conditionally and optionally renewable allow non-renewal under stated or any conditions.
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Sen Lin, PrepPass Founder · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)