State RegulationsMA specificDifficulty 1/5
Under M.G.L. c. 175, § 187H, an insurer must give a policyowner a 10-day right to examine with a full premium refund for which of the following?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
M.G.L. c. 175, § 187H is a narrow statute: its 10-day right to examine — with the premium refunded and the policy void from the beginning — applies only to individual life insurance policies with a face amount of less than $25,000. Massachusetts has no general statutory free look for ordinary life or health policies; where free-look rights exist, they attach to the specific product or transaction under its own rule. Candidates who assume a universal 10-day life free look misread Massachusetts law.
Why the other options are wrong
- B) M.G.L. c. 175, § 187H is face-amount limited; it does not reach every individual life policy, and Massachusetts has no general statutory life free look.
- C) The § 187H right to examine is a life-policy provision; individual accident and health free-look rights are addressed elsewhere rather than by a blanket rule.
- D) Medicare supplement free-look rights run under their own product regulation, not under the face-amount-limited life provision of M.G.L. c. 175, § 187H.
Memory hook
§ 187H is small-face only: under $25,000, ten days — otherwise no general life free look.