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      Question

      Policy that can be cancelled or have the premium s

      raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as ______.
      A Receipt Paper Correct Answer Incorrect Answer
      B Consequential loss Correct Answer Incorrect Answer
      C Contract Paper Correct Answer Incorrect Answer
      D Conditional Renewable Correct Answer Incorrect Answer

      Solution

      Policy that can be cancelled or have the premium is raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy is known as Conditional Renewable.

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