Question 12004 of 324 · Texas Life, Accident and Health Agent Exam
A Medicare supplement policy in Texas must be
Exactly one answer is correct.
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Correct answer to question 12004
- B: guaranteed renewable and may be canceled by the insurer only for nonpayment or material misrepresentation
Explanation
Medicare supplement policies must be guaranteed renewable. The issuer may not cancel or nonrenew solely because of health status, or for any reason other than nonpayment of premium or material misrepresentation.
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