§ 88.13. Guaranteed renewable policy.
All such policies must be renewable to at least age 65, subject to the timely payment of premiums, and shall provide that the company cannot cancel the policy. However, the insurer may reserve the right to change the premium on a class basis. Such right shall be clearly expressed within the renewal provision and referenced in the caption of such provision. The insurer may include a policy provision for termination or nonrenewal of disability income policies prior to age 65 when the insured is no longer subject to the risk of loss of income as a result of accident or sickness.
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