Question 7003 of 316 · California Life-Only Agent Exam
What is the minimum free look period for an individual life policy or annuity delivered to a senior citizen (age 60 or older on the purchase date) in California?
Exactly one answer is correct.
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Correct answer to question 7003
- C: 30 days
Explanation
Section 10127.10(a) requires a stated return period of not less than 30 days after receipt, and subdivision (g) defines a senior citizen as 60 years of age or older on the date of purchase.
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