What action may an insurance company NOT do in a health policy with a guaranteed renewable premium benefit?

In a health policy that includes a guaranteed renewable premium benefit, the insurance company is committed to allowing policyholders to renew their coverage without the risk of the insurer canceling the policy arbitrarily or imposing conditions related to the individual's health status at the time of renewal. This means that while the premiums can be structured to potentially increase for all policyholders in a given class based on overall factors such as age or inflation, the insurer cannot raise the premium on an individual basis solely due to changes in that specific policyholder's health or the insurer's preference.

This characteristic ensures that the policyholder has some level of security in knowing that they won’t face a premium hike tied directly to their personal health decisions or claims history. The guarantees provided under such a policy mean that neither cancellation without cause nor modification of benefits can be done at will by the insurer, nor can they impose health screenings to determine renewal eligibility. This legal framework protects the insured's interests, offering them peace of mind and reducing the chance of unexpected drops in coverage or sudden cost increases due to personal circumstances.

Thus, while premium increases on a broader scale might occur, they are not permitted to be made unilaterally based on the individual circumstances of the policyholder, which makes the chosen answer