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What is optionally renewable?

Updated: 9/15/2023
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Lilzd1

Lvl 1
15y ago

Best Answer

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.

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15y ago
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Q: What is optionally renewable?
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