L&HNJeasy
What free-look period must New Jersey insurers provide on a life insurance or annuity policy issued as a replacement under N.J.A.C. 11:4-2?
A10 days
B15 days
30 days
D20 days
Why this is the answer
New Jersey extends the standard 10-day free-look to 30 days when a life or annuity policy is issued as a replacement under N.J.A.C. 11:4-2, giving the consumer additional time to compare the new contract against the one being replaced.
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