An individual purchases a life insurance policy delivered in Hawaii.

B. 10 days is correct. Hawaiʻi requires an individual life insurance policy delivered in the State to contain a notice informing the purchaser of the right to examine and return the policy if dissatisfied. Under HRS §431:10-214, the purchaser may return the policy within ten days after receipt and obtain a refund of the premium, subject to the applicable statutory provisions. When properly returned during this period, the policy is treated essentially as though it had not been issued. Hawaiʻi legislative text expressly requires this right-to-return notice to appear on or be attached to an individual life policy.

The Hawaiʻi Insurance Division provides the same consumer guidance: after purchasing life insurance, consumers should read the contract carefully and may return the policy within ten days of receiving it if they change their minds.

This ordinary free-look period should not be confused with special periods applicable to certain transactions. For example, replacement transactions carry a longer thirty-day return period. Likewise, particular annuity disclosure rules may provide separate protections.

Reference topics: HRS §431:10-214; Free Look; Policy Delivery; Consumer Rights; Hawaiʻi Life-General Knowledge Content Outline.

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