0
A renewable contract is a contract that can be renewed at the end of the contract term. Some businesses, such as cable companies and cell phone providers offer clients automatic renewal contracts.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Will your existing disability insurance premium change if your new job is in a higher risk class?
This is a very good question and it depends on your current disability contract. If your existing disability contract is non-cancellable and guaranteed renewable then the answer is no. If a contract is guaranteed renewable then the company guarantees that coverage cannot be cancelled as long as premiums are paid, however the company can increase the rates. If a contract is non-cancellable in addition to guaranteed renewable then the company cannot change the policy provisions or increase the rates. In summary it if your existing policy is non-cancellable and guaranteed renewable then changing occupations will not change your premium or change your benefits.
What is optionally renewable?
An Optionally Renewable Policy is a contract of health insurance in which the insurer reserves the right to terminate the coverage at any anniversary or, in some cases, at any premium due date, but does not have the right to terminate coverage between such dates.
What is the definition of non renewable?
The term "non-renewable" means that an existing arrangement or contract cannot be extended. It is also applied to natural resources that cannot be replenished or replaced as they are used up, or at least not in a reasonable time frame. These resources can also be characterized as "exhaustible."
Is heat a renewable or non renewable resource?
it is renewable
Are eggs renewable or non-renewable resources?
Eggs are renewable resources.
What is the verb for renewal?
The verb for renewal is renew. As in "to renew something".
Is wire renewable or non renewable?
renewable
Is boimass renewable or non- renewable?
renewable
Is hydoelectric renewable or non renewable?
it is renewable
Is lumber or renewable or non renewable?
Renewable
Is lumber is renewable or non renewable?
Renewable
Is hydropower renewable or non renewable?
renewable
