NAIC Noncancellable and Guaranteed Renewable Terminology Defined (#139)
Edition and licensing notes
Publisher. National Association of Insurance Commissioners (NAIC)
Edition. Model #139, July 1995 (via content.naic.org), retrieved 2026-09-03
Status. NAIC model law; cited as the uniform national model (state adoption varies).
What this document is
NAIC Noncancellable and Guaranteed Renewable Terminology Defined (#139) is a naic model law published by National Association of Insurance Commissioners (NAIC). It is one of the documents that insurance license exam questions are written from, including life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
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Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- NAIC Noncancellable and Guaranteed Renewable Terminology Defined (#139), Section 2
“Nothing herein contained is intended to restrict the development of policies having other guarantees of renewability, or to prevent the accurate description of their terms of renewability or the classification of such policies as guaranteed renewable or non-cancellable for any period during which...”
- NAIC Noncancellable and Guaranteed Renewable Terminology Defined (#139), Section 1
“The terms “non-cancellable” or “non-cancellable and guaranteed renewable” may be used only in a policy which the insured has the right to continue in force by the timely payment of premiums set forth in the policy until at least age fifty (50), or in the case of a policy issued after age forty-four...”
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