Kevin has an individual disability income policy that his insurer agre
Kevin has an individual disability income policy that his insurer agrees to keep in force until age 60.
However, the company has the right to increase the premium each year for the underwriting class in which Kevin has been placed. Which renewal provision is found in Kevin’s policy?
A) noncancellable
B) guaranteed renewable
C) conditionally renewable
D) nonrenewable.
ANSWER
Answer: B
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