Question

All of the following renewability and cancellation provisions are permitted in Oregon, EXCEPT: 1) Cancellable.

2) Guaranteed renewable.
3) Optionally renewable.
4) Conditionally renewable.

Answer 1

All renewability and cancellation provisions are permitted in Oregon, except for "Cancellable."

Step-by-step explanation:

In Oregon, all of the following renewability and cancellation provisions are permitted except for "Cancellable."

"Guaranteed renewable," "Optionally renewable," and "Conditionally renewable" are all allowed in Oregon.

Keep in mind that while renewable policies provide coverage for a specific period of time and can be renewed, they are not unlimited and can still be subject to certain conditions, limitations, or cancellation.