State RegulationsNJ specificDifficulty 2/5
When soliciting a Medicare supplement policy in New Jersey, what disclosure document must be delivered to the applicant so the coverage can be compared and understood?
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 D is correct
New Jersey's Medicare supplement statute, N.J.S.A. 17B:26A-1 through -17, and the individual health minimum standards of N.J.A.C. 11:4-16 require delivery of an outline of coverage when a Medigap policy is solicited. The outline describes the plan's benefits, exclusions, and limitations in a comparable format so buyers can weigh their options. The New Jersey Department of Banking and Insurance enforces the disclosure requirement.
Why the other options are wrong
- A) An underwriting manual is an internal company document and is not the consumer disclosure the law requires.
- B) A denial history is not the required solicitation document; the outline of coverage is.
- C) A producer's personal commission schedule has nothing to do with helping the applicant compare coverage.
Memory hook
No Medigap pitch without the outline of coverage — compare before you buy.