Knightley Insurance Co. decides not to renew Emma's homeowners policy, which she has had for 6 years. Which of these statements is TRUE?

- Knightley Insurance must notify Emma of the non-renewal at least 120 days before her policy expires.
- Knightley Insurance may not terminate Emma's policy because it has been in effect for over 5 years.
- Knightley Insurance must submit an application on Emma's behalf for coverage under the Citizens Property Insurance Corporation.
- Emma can keep her policy active by paying the next year's annual premium in advance.