Renewability Provisions in Health Insurance

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT true of a cancelable provision?

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1. Which of the following characteristics is NOT present in a policy with a non-cancelable provision?

2. With an optionally renewable provision, on which dates is the insurance company permitted to cancel the policy?

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About This Quiz & Worksheet

There are different types of renewability provisions in health insurance, and you can use the quiz and worksheet to check your knowledge of them. You'll need to be very familiar with the characteristics of different policies in order to pass.

Quiz & Worksheet Goals

You can see how much you know about:

  • Characteristics that are and are not present in a policy with a non-cancelable provision
  • Attributes that a cancelable provision does and does not have
  • Characteristics of a conditionally renewable policy
  • Conditions under which the insurance company has to renew the policy if it has a guaranteed renewable provision
  • When the insurance company can cancel the policy with an optionally renewable provision

Skills Practiced

  • Information recall - access the knowledge you have gained about attributes of a conditionally renewable policy
  • Knowledge application - use your understanding to answer questions about non-cancelable and cancelable provisions
  • Reading comprehension - ensure that you draw the most important information from the lesson on the rights of renewability

Additional Learning

In order to learn more about these provisions, go through the lesson titled Renewability Provisions in Health Insurance. Other topics you can look at include:

  • What an 'anniversary date' is, in insurance policy terms
  • An example of a conditionally renewable policy
  • What renewability refers to
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