State RegulationsMA specificDifficulty 2/5
A Massachusetts resident buys an individual life insurance policy with a face amount below $25,000. Under M.G.L. c. 175, § 187H, how long is the buyer's right to examine the policy and return it for a refund?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.G.L. c. 175, § 187H gives the buyer of an individual life policy with a face amount below $25,000 a 10-day right to examine. If the policy is returned within that window, the premium is refunded and the policy is void from the beginning, with the required notice on or attached to the policy. The section is the narrow exception that proves Massachusetts's rule: there is no general statutory life free look.
Why the other options are wrong
- A) 20 days is the free-look period for a replaced life policy or annuity under 211 CMR 34.06(1)(d), not the § 187H period for a small-face policy.
- B) 30 days is the right-to-return period for Medicare supplement coverage under 211 CMR 71.13, not the life free look of M.G.L. c. 175, § 187H.
- D) 180 days is the duration of a temporary producer license under M.G.L. c. 175, § 162Q, unrelated to any free-look right.
Memory hook
Small face, ten days — § 187H's narrow window.