Disability & Long-Term CareQuestion 97 of 315
Under the California Long-Term Care Insurance Reform Act, an applicant for an individual LTC policy has how many days to return the policy for a full refund of premium?
a.10 days
b.30 days
c.60 days
d.90 days
Explanation
California requires every individual long-term care policy to include a 30-day free-look period. The applicant may return the policy within that window and receive a full refund of premium. This is longer than the 10-day standard free look on most other California life and health products.
Law Reference: Cal. Ins. Code §10232.7Practice all 315 questions free — no signup required.
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