Cancellable means

Cancellable means

• A. A health policy that cannot be canceled
• B. A health insurance policy that can be canceled by the insurer or insured at any time
• C. A policy that can be canceled only at renewal
• D. A policy cancellation requires a court order

Answer: (B)

Cancellable means a health insurance policy can be terminated during the term by either party. The best choice reflects this: a policy that can be canceled by the insurer or the insured at any time. This captures the idea that cancellation isn’t limited to renewal or restricted to one side; both can end the contract, usually with some required notice per the policy. This differs from policies that cannot be canceled or can only be canceled at renewal, and it isn’t driven by a court order.

Cancellable means a health insurance policy can be terminated during the term by either party. The best choice reflects this: a policy that can be canceled by the insurer or the insured at any time. This captures the idea that cancellation isn’t limited to renewal or restricted to one side; both can end the contract, usually with some required notice per the policy. This differs from policies that cannot be canceled or can only be canceled at renewal, and it isn’t driven by a court order.