1. A 'noncancelable' health policy means the insurer:

cannot cancel and cannot raise the guaranteed premium during the term

Noncancelable coverage guarantees both renewal and the premium schedule for the stated period.

2. A guaranteed renewable health policy:

must be renewed but premiums may increase for an entire class

Guaranteed renewable coverage must be renewed, but the insurer may raise premiums for an entire class of insureds.

3. Under the optional change of occupation provision, if an insured moves to a more hazardous job, the insurer may:

adjust benefits to what the premium would buy at the more hazardous classification

The change of occupation provision lets the insurer adjust benefits to those the premium would purchase at the new, more hazardous classification.

4. If an insured misstated age on a health policy, the insurer will typically:

adjust benefits to those the premium would have purchased at the correct age

The misstatement of age provision in health insurance adjusts benefits to what the premium would have bought at the true age.