Question

In general insurance, what choice does the customer have at the time of policy renewal?

a.

No choice, the policy automatically renews.

b.

The policy can only be renewed with the same company.

c.

The customer can choose to continue with the same company or switch to another.

d.

The customer must switch to another company.

Posted under IC38 Life Insurance Agent Exam

Answer: (c).The customer can choose to continue with the same company or switch to another. Explanation:In general insurance, at the time of renewal, the customer can choose to continue with the same company or switch to another.

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Q. In general insurance, what choice does the customer have at the time of policy renewal?
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