Final answer:
The contract provision that allows the insurer to not renew health coverage if certain events occur, like early retirement, is called a termination provision.
Step-by-step explanation:
The contract provision that allows the insurer to not renew health coverage if certain events occur, like early retirement, is called a termination provision.
This provision gives the insurer the right to terminate the health coverage of an individual under specific circumstances. It typically includes events such as early retirement, moving out of the coverage area, or fraudulently obtaining coverage.
When the termination provision is triggered, the insurer can choose not to renew the health coverage for the next policy period. It is important for individuals to review their insurance contracts carefully to understand the specific termination provisions that may apply to their coverage.