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.30 days
b.60 days
c.10 days
d.20 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.
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Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)