Which of the following statements regarding a conditionally renewable policy is NOT correct?
A) The insured has the conditional right to renew the policy up to a given date.
B) The insurer may refuse to renew the contract as the result of the insured's retirement.
C) The insured has the conditional right to renew the policy up to a given age.
D) The insurer may refuse to renew the contract as the result of the insured's deteriorating health.
Answer: D) The insurer may refuse to renew the contract as the result of the insured's deteriorating health.
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Indicate whether the statement is true or false
Which of the following statements is true of the environmental forces that affect strategy formulation?
A) Socialist economic systems normally levy light taxes on business profits. B) Countries that excessively spend on R&D tend to have lower levels of prosperity. C) Approval of the host government is almost always necessary for making direct investments. D) Free-market economies tend to levy high taxes on business profits.