If John's business had purchased disability insurance coverage for its employees which was guaranteed renewable, which of the following is true?
◦ The insurance company must renew the coverage, but could change the definition of disability used.
◦ The employer must renew the same benefits each year, even if the premiums increase.
◦ The insurance company must renew the coverage with the same benefits but could increase the premiums.
◦ The insurance company must renew the coverage with same benefits and premiums at the renewal date.