Florida Life and Health Insurance License Practice Test

A guaranteed renewable health policy has the characteristic of allowing the policy to renew automatically without the need for evidence of insurability. This means that an individual can continue their coverage without having to go through medical underwriting again. Option A, not being able to be cancelled by the insurer, is a characteristic of a non-cancellable policy. Option C is a characteristic of a guaranteed renewable policy but it does not define it. Option D is not true because claims can be filed whenever necessary, not just annually. Therefore, B is the most accurate answer.