#38. A guaranteed renewable health insurance policy allows the
a) Policyholder to renew the policy
to a stated age and guarantees the premium for the same period.
b) Policy to be renewed at time of
expiration, but the policy can be canceled for cause during the policy term.
c) Insurer to renew the policy to a specified age.
d) POLICYHOLDER TO
RENEW THE POLICY TO A STATED AGE, WITH THE COMPANY HAVING THE RIGHT TO INCREASE PREMIUMS ON THE ENTIRE CLASS.
Coverage is guaranteed, but rates can be adjusted for the entire class.