Cơ bản về Tai nạn & Sức khỏeCâu 488 / 716
An 'optionally renewable' health policy gives the insurer the right to:
a.Cancel the policy in the middle of a term without any notice to the insured, which this provision does not permit
b.Refuse renewal or change premiums on policy anniversaries or premium due dates, at its own option
c.Keep the premium level for the entire life of the policy
d.Renew the coverage indefinitely no matter what
Giải thích
An optionally renewable policy reserves for the insurer the option, at renewal (policy anniversaries or premium due dates), to either decline renewal or adjust the premium, giving the insurer substantial discretion. It does not lock in premiums, does not guarantee renewal, and generally does not permit cancellation in the middle of a paid term (renewability decisions occur at the renewal points). Optionally renewable is a weaker guarantee for the insured than guaranteed renewable.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- Many disability income policies include a waiver of premium feature that:
- Under a 'guaranteed renewable' health policy, the insurer:
- A 'conditionally renewable' policy allows the insurer to decline renewal:
- On-the-job injuries and illnesses of most employees are typically covered by:
- A hospital indemnity (hospital confinement) policy pays:
- An accident-only policy covers:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)