California Insurance Code & EthicsQuestion 69 of 315
Under California's Long-Term Care Insurance Reform Act, the standard free-look period for an individual LTC policy is:
a.10 days
b.20 days
c.30 days
d.60 days
Explanation
LTC policies issued in California must offer a 30-day right to return for a full refund. This is broader than the 10-day standard life free look and equals the senior life/annuity free look.
Law Reference: Cal. Ins. Code §10232.25Practice all 315 questions free — no signup required.
Related questions on this topic
- Under California Insurance Code definitions, an insurance broker represents whom in a transaction?
- Knowingly presenting a false or fraudulent claim for payment under an insurance policy is, in California:
- Under California's Insurance Information & Privacy Protection Act, when an applicant's personal information will be collected from sources other than the application, the insurer must:
- The California Insurance Commissioner is selected by:
- After a life insurance policy is replaced under California rules, the existing insurer has the right to:
- An agent advertises an "educational lunch seminar" for seniors at a local hotel. Under §789.9, which of the following is prohibited?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California Life & Health Insurance License Exam · How we review