After receiving notice of an adverse underwriting decision, how long does an individual have to request additional information?

The correct answer is 90 days because, according to North Carolina insurance regulations, after an individual receives notice of an adverse underwriting decision, they are granted a period of 90 days to request more information regarding the decision. This provision is in place to ensure that individuals have a reasonable timeframe to understand the reasoning behind the underwriting decision, seek clarification, and gather any necessary documentation or data that may aid in addressing the decision.

This regulation is designed to enhance transparency in the underwriting process and give individuals ample opportunity to advocate for themselves should they believe the decision was unfair or based on inaccurate information. Therefore, the 90-day period reflects a balance between giving consumers enough time to respond and allowing insurers to manage their underwriting processes effectively.