Ace the Ohio Insurance Laws Test 2025 – Master the Rules and Rule Your Future!

Question: 1 / 400

A life insurance policyowner is allowed ___ days upon policy delivery to return the policy for a full premium refund.

10 days

This is because most life insurance policies come with what is known as a "free look" period. This allows policyowners to review the terms and conditions of their policy and make changes or cancel without penalty within a certain period of time. The common length for this period is typically 10 days, which is why option A is the correct answer. Options B, C and D are all incorrect because they are longer than the typical free look period for life insurance policies.

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20 days

30 days

45 days

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