American_Bankers_Association
CTFA · Question #373
It is a contractual clause allowing the insured to continue insurance only at the insurer's option. What is it?
The correct answer is C. Optional renewability. See the full explanation below for the reasoning.
Estate Planning
Question
It is a contractual clause allowing the insured to continue insurance only at the insurer's option. What is it?
Options
- AWaiting period
- BGuaranteed Renewability
- COptional renewability
- DADL
How the community answered
(52 responses)- A10% (5)
- B2% (1)
- C85% (44)
- D4% (2)
Topics
#optional renewability#insurer option#policy provisions#insurance contract
Community Discussion
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