Who can change the terms of a health insurance contract?

The terms of a health insurance contract can only be changed with written approval from the insuring company. This requirement ensures that there is a formal agreement between the insurer and the policyowner regarding any modifications to the contract. It protects both parties by creating accountability and clarity around the terms of the insurance policy.

The policyowner cannot simply make changes unilaterally since that could lead to misunderstandings or disputes regarding the coverage provided. Similarly, agents of the insurer do not have the authority to alter contractual terms without the company's approval, as they act as intermediaries rather than decision-makers. Finally, the insured party, while they may have some influence or request changes, cannot alter the terms independently without going through the proper channels involving the insurer. This structured approach maintains the integrity and stability of insurance agreements.