An accident/health policyholder has how many days to return the policy for a full refund on premiums?

In North Carolina, policyholders of accident and health insurance have a specific timeframe during which they can return their policy for a full refund of premiums. This duration is set at 10 days.

The rationale behind this policy is to give consumers adequate time to review the terms and conditions of their insurance policy. This period allows them to ensure that the coverage provided meets their needs and expectations. Should they feel that the policy is not suitable for them, they can return it without financial penalty. This consumer protection measure is designed to encourage informed decisions regarding health and accident insurance.

The other timeframes listed—5, 15, and 30 days—do not align with the regulations established for accident and health policies in North Carolina. Consequently, the correct answer reflects the specific statutory requirement.