State RegulationsNJ specificDifficulty 1/5
Under New Jersey regulations, what free-look (return-and-refund) period applies to an individual accident and health policy that is neither a Medicare supplement policy nor sold by direct response?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
N.J.A.C. 11:4-16.6(c) gives buyers of individual accident and health policies a 10-day right to return the policy and receive a refund. The longer 30-day return right is reserved for Medicare supplement policies and policies sold by direct response. An ordinary individually sold health policy therefore carries the 10-day period, enforced by the New Jersey Department of Banking and Insurance.
Why the other options are wrong
- B) 7 days is the weekly-mode grace period under N.J.S.A. 17B:26-6, not the free-look period.
- C) 30 days is the examination period for Medicare supplement and direct-response policies, not ordinary individual health sales.
- D) 31 days is the grace period for premium modes other than weekly and monthly under N.J.S.A. 17B:26-6, not a return-and-refund window.
Memory hook
Regular individual health free look: 10 days; Medigap and direct response get 30.