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Question 1 ( 1 point ) The term guaranteed renewable means that the insurer is required to renew the policy as long as premium payments

Question

1 (1

point

)

The term guaranteed renewable means that the insurer is

required to renew the policy as long as premium payments are made, and

the premium may be increased.

not required to renew the policy if the premium is increased.

required to renew the policy as long as premium payments are made, and

the premium may not be increased.

not required to renew the policy.

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