The insurer can change the premium assuming it is changed for all insureds in a class. However, the company cannot refuse to renew the policy, or cancel it. This is a/an ____ policy.

Insurance

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The insurer can change the premium assuming it is changed for all insureds in a class. However, the company cannot refuse to renew the policy, or cancel it. This is a/an ____ policy.

A.Guaranteed renewable

B.Cancelable

C.Optionally renewable

D.Non-cancelable

Answer: A.Guaranteed renewable

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