50.1K
Verified Solution
Link Copied!
Which of the following statements concerning provisions to keep disability income coverage in force is correct?
A.A cancelable contract allows the insured to cancel when the premium is raised and is often the most generous renewal provision.
B.A noncancellable contract allows the insured to cancel only when changing to a less hazardous occupation.
C.A guaranteed renewable contract allows the insurer to increase premiums on a class basis but not on an individual basis.
D.A noncancellable contract allows the insurer to increase premiums on an individual basis but not on a class basis.
Answer & Explanation
Solved by verified expert
