Guaranteed Renewable Contract,
Guaranteed Renewable Contract:
Definition of Guaranteed Renewable Contract: A contract in which the insured has the right (usually up to a certain age) to extend and renew your health insurance by paying premiums on time.
Guaranteed Renewable Contract means: A renewable guarantee agreement is a type of insurance agreement that guarantees that the policy will not be revoked next year if the next insured has a health problem.
Coverage Renewal agreements are more related to health, life and disability insurance when the health of the insured has the greatest impact on the risks assumed by the insurers.
Clauses in the insurance policy which give the insurers the right to implement the policy to a large extent by timely payment of premiums, therefore the insurance company is prohibited from changing the unilateral terms of an agreement, provided the agreement exists. In addition to the change in the premium rate for the category of people that the insured person applies.
Literal Meanings of Guaranteed Renewable Contract
Meanings of Guaranteed:
For this reason, a guarantee is provided with government insurance.
Meanings of Renewable:
Energy sources that do not preclude the use of water, wind or solar energy.
Sentences of Renewable
The war, which lasts for 30 days, can be extended by mutual agreement
Conversion of fossil fuels to renewable energy
The cost of production for renewable energy is higher than coal, oil or gas
Meanings of Contract:
Written or verbal agreements, especially those relating to work, sales or rent, which must be legally enforceable.
Decrease in size, number or rating.
Make a formal and legally binding agreement.
Grip or development (disease or infectious agent)
For duty (loan)
Sentences of Contract
Both parties will have to sign an employment agreement
As it cools, the glass contracts
Local authorities will nominate several agencies to provide services
Three people contracted a deadly virus
قرض 3,300 debt
Synonyms of Contract
pledge, get smaller, compact, become liable to pay, settlement, fall ill with, commitment, acquire, pact, develop, promise, covenant, pick up, be taken ill with, engage, incur, undertake, become infected with, understanding, agreement, fall into