What is the duration of the free look period for accident and health policies sold in North Carolina?

In North Carolina, the free look period for accident and health insurance policies is established as a timeframe during which policyholders can review their newly purchased insurance coverage without any financial commitment. This period allows individuals to examine the policy terms and conditions, ensuring it meets their needs. If, for any reason, they decide that the policy does not suit them, they can cancel it and receive a full refund of any premiums paid.

The duration of the free look period is set at 10 days. This standard provides consumers with a reasonable amount of time to assess their decision, reflecting the state's commitment to protecting consumers and promoting informed decision-making in insurance purchases. By granting this period, North Carolina acknowledges the importance of understanding the coverage, benefits, and limitations of health and accident policies before finalizing the commitment.