Health · Chapter 18 · Renewability
Conditionally Renewable Policy
Definition
The insurer may terminate only under specific conditions written in the policy — e.g., the insured reaching a stated age or losing gainful employment — but never for deterioration of the insured's health. Premiums may increase at renewal on a class basis only.
In plain English
Cancelable for listed life events, not for getting sick.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms