agtony4003 agtony4003

21-01-2024
Business

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which of the following is correct about an optional renewable policy?

a. the insurer may cancel the policy at its option
b. the insurer may choose to non-renew the policy on the anniversary date (or premium due date)
c. the insured has the option of renewal
d. the insured has the option to renew but the premium will increase.

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