Upon renewal of a Conditionally Renewable policy, what aspect of the policy may change?

In a Conditionally Renewable policy, one of the key characteristics is that the insurer can modify certain aspects of the policy at the time of renewal, primarily focusing on the premiums charged. This means that upon renewal, the insurer has the right to adjust the premium rates based on factors such as the insured’s health status, claims history, or changes in underwriting guidelines.

While coverage improvements or modifications might be part of policy restructuring in other types of policies, specifically for Conditionally Renewable policies, it is the premiums that are subject to change. The insured person’s age limit is typically set when the policy is first issued, and deductibles usually remain consistent unless specifically outlined in the policy's terms. Therefore, among the listed options, changes in the premiums charged reflect the nature of renewability under this policy type and align with the insurer's ability to reassess the risk with each renewal period.