State RegulationsMI specificDifficulty 1/5
Under Michigan law, every Medicare supplement policy delivered in this state must contain which renewability provision?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.C.L. 500.3819(2)(d) requires Medicare supplement policies issued in Michigan to be guaranteed renewable. The insurer may terminate coverage only for nonpayment of premiums or material misrepresentation. This protects Medicare beneficiaries, whose health deteriorates with age, from being dropped precisely when they need the coverage most.
Why the other options are wrong
- A) Requiring evidence of insurability at renewal would defeat guaranteed renewability and is not permitted under M.C.L. 500.3819(2)(d).
- B) A 30-day cancellation right is not a Med supplement termination ground; the statute allows termination only for nonpayment or material misrepresentation.
- D) There is no maximum-age nonrenewal; guaranteed renewability continues while premiums are paid.
Memory hook
Med supp renews for life: the only two exits are nonpayment and material misrepresentation.