Final answer:
Conditionally renewable policies give the insurer the option to terminate the policy on a specified date.
Step-by-step explanation:
The correct answer is B) Conditionally renewable. A conditionally renewable policy is a type of insurance policy that gives the insurer the option to terminate the policy on a date specified in the contract. This means that the insurer has the right to decide whether or not to continue the policy after the specified date.
For example, let's say you have a conditionally renewable health insurance policy that is set to expire after one year. At the end of that year, the insurance company can choose to renew the policy or terminate it, depending on their evaluation of your health status and other factors.