Exam term
Guaranteed renewable
A renewability feature under which the insurer must keep renewing the policy while premiums are paid and may not cancel it because of claims or worsened health, though it can raise premiums for a whole class of insureds. Medicare supplement policies must be guaranteed renewable.
Lessons that use this term
- Medicare supplement policies Florida
- Individual and group long-term care insurance Florida
- Rights of renewability Florida
- Rights of renewability New York
- Disability income and accidental death and dismemberment policies New York
- Individual and group long-term care insurance New York
- New York long-term care regulation: exclusions, suitability, renewability, disclosure, prohibited practices, and replacement (Reg 62) New York
- Medicare supplement policies New York
- Medicare supplement policies Texas
- Rights of renewability Texas
- Small group health insurance Texas