What can an Accident and Health policy owner NOT do?

An Accident and Health policy owner does not have the authority to adjust the premium payments once the policy is in force. The premiums are typically set at the time of purchase based on the underwriting process, risk factors, and the coverage chosen. Any changes in premium amounts due to adjustments or changes in health status usually require a new underwriting process or could be related to the policy's terms, such as renewals or changes in health regulations.

On the other hand, the insurer generally maintains control over the pricing of the policy and any decisions related to premium adjustments based on claims history or changes in law. Thus, the policyholder cannot unilaterally change what they owe for premiums; this aspect is strictly governed by the insurance policy's provisions and the underwriting agreement made at the onset.

Being able to file claims at any time, change the coverage limits (within the terms of the policy), or transfer ownership of the policy to someone else are common rights associated with policy ownership. These rights are essential parts of the policyholder's control over their insurance coverage.