State RegulationsTN specificDifficulty 1/5
A Tennessee resident buys an individual accident and health policy and decides to return it. Under T.C.A. § 56-26-129, how long does the insured have to return the policy, and what is the effect of a timely return?
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
T.C.A. § 56-26-129 gives the insured 10 days from delivery to return an individual accident and health policy, and requires a printed or attached notice of that right. A policy returned within the 10-day window is void from the beginning, meaning the parties are restored as though no coverage ever existed and premiums are refunded. This is a statutory Tennessee free-look requirement, not a discretionary company practice.
Why the other options are wrong
- B) 30 days is not the Tennessee A&H free-look period; T.C.A. § 56-26-129 fixes it at 10 days with a printed or attached notice.
- C) The 10-day window is right, but the effect is misstated: under T.C.A. § 56-26-129 the returned policy is void from the beginning, not merely cancelled prospectively.
- D) 45 days is the reinstatement backstop under T.C.A. § 56-26-108(4), and the free-look effect is void from the beginning, not prospective cancellation.
Memory hook
Ten days to change your mind — as if it never happened.