An 'optionally renewable' health policy gives the insurer the right to:

解析

An optionally renewable policy reserves for the insurer the option, at renewal (policy anniversaries or premium due dates), to either decline renewal or adjust the premium, giving the insurer substantial discretion. It does not lock in premiums, does not guarantee renewal, and generally does not permit cancellation in the middle of a paid term (renewability decisions occur at the renewal points). Optionally renewable is a weaker guarantee for the insured than guaranteed renewable.