In insurance, a policy renewal refers to:
A. The process of updating the policy terms and conditions.
B. The transfer of the policy to a different insurer.
C. The extension of the policy for an additional period.
D. The cancellation of the policy by the insured.
Answer:C
In insurance, a policy renewal refers to:
A. The process of updating the policy terms and conditions. B. The transfer of the policy to a different insurer. C. The extension of the policy for an additional period. D. The cancellation of the policy by the insured.