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

Question: 1 / 400

Within how many days after policy delivery can both Medicare supplement and long-term care policies be returned for a 100% premium refund?

30 days

It is important for individuals to carefully review their insurance policies upon being delivered to make sure they meet their needs and expectations. If any concerns arise, it is important to take advantage of the "free-look" period, which allows policyholders to return their policy and receive a full premium refund. This period is typically within 30 days after policy delivery for both Medicare supplement and long-term care policies. Options B, C, and D are incorrect because they do not fall within the 30-day window. It is important to note that this free-look period may vary by state and insurance company, so it is important to review the specific policy and state regulations.

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20 days

45 days

60 days

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