With Optionally Renewable Health policies, what action can the insurer take?

Optionally Renewable Health policies give insurers the right to review the policy at specified intervals, typically on an annual basis, to decide whether to renew the coverage or not. This means the insurer can evaluate the insured's claims history, any changes in health status, and overall risk before making a determination about the renewal.

If the policy is renewed, it will typically continue under the same terms; if not, the insured may need to find alternate coverage. This feature allows insurers to manage their risk effectively based on the claims experience and the overall health of the covered individuals.

In contrast, adjusting the coverage amount annually is not typically a feature of optionally renewable policies; this is usually based on different contractual arrangements. Additionally, while insurers can increase premiums under certain circumstances, it must be in line with regulatory guidelines and cannot be done arbitrarily. Immediate termination of the policy is also not characteristic of optionally renewable policies, as the option outlined refers more specifically to renewing rather than canceling coverage outright.