What is the definition of Insurance License Renewal?

An insurance license renewal is like getting a passport renewal but for your life's insurance policy. You're essentially asking the government to let you keep flying, driving, or even living without worrying about getting your policy "cancelled" for any unforeseen events like a sudden 'oral hazard' or a 'natural disaster'.

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Example sentence with a dash of edge: "Facing an unspoken threat of 'oral hazard', John's life insurance license renewal process turned into a nightmare when the insurance company suddenly declared, 'You're not renewing unless you promise to never gamble with your savings again!'"