Which of the following characteristics of a "noncancelable" policy distinguishes it (i.e., makes it different) from a "guaranteed renewable" policy? a noncancelable policy can be renewed at the option of the insured, without evidence of insurability O a noncancelable policy cannot change the premiums or rate structure specified in the policy when it is renewed O a noncancelable policy is less expensive than a guaranteed renewable policy (other things being equal) a noncancelable policy cannot be cancelled during the policy period