Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saleem has an individual health insurance contract. He pays $200 annually as premiums. When his insurance contract expired, he knew that the insurer will definitely

Saleem has an individual health insurance contract. He pays $200 annually as premiums. When his insurance contract expired, he knew that the insurer will definitely renew his contract and that he will pay the exact same premium.

Which renewal provision is included in Saleems policy?

Select one:

a. Guaranteed

b. Noncancelable

c. Conditionally renewable

d. Nonrenewable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For A Better World

Authors: Henri-Claude De Bettignies, F. LĂ©pineux

2009th Edition

0230551300, 978-0230551305

More Books

Students also viewed these Finance questions

Question

Perform an Internet search. Discuss a company that uses EPLI.

Answered: 1 week ago

Question

How do you feel about employment-at-will policies? Are they fair?

Answered: 1 week ago