Questions: Which of the following statements about a Guaranteed Renewable Health Insurance policy is CORRECT? A. Policy can renewed at any time by the company B. Premiums normally increase at time of renewal C. Premiums normally decrease at time of renewal D. Policy can be cancelled at any time by the company

The answer is the second one (B): Premiums normally increase at time of renewal.

Explanation for each option: A. Policy can be renewed at any time by the company - This is incorrect. In a Guaranteed Renewable Health Insurance policy, the policyholder has the right to renew the policy, not the company. B. Premiums normally increase at time of renewal - This is correct. In a Guaranteed Renewable Health Insurance policy, the insurer can increase the premiums, but only on a class basis, not individually. C. Premiums normally decrease at time of renewal - This is incorrect. Premiums typically do not decrease; they are more likely to increase due to rising healthcare costs and the insured's increasing age. D. Policy can be cancelled at any time by the company - This is incorrect. In a Guaranteed Renewable Health Insurance policy, the insurer cannot cancel the policy as long as the premiums are paid.

Summary: The correct statement about a Guaranteed Renewable Health Insurance policy is that premiums normally increase at the time of renewal.