State RegulationsCO specificDifficulty 2/5
A producer delivers a Medicare supplement policy to a client in Colorado Springs. Where must the notice telling the policyholder about the return right appear?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
C.R.S. § 10-18-107 requires the notice of the 30-day return right to appear on the first page of every Medicare supplement policy or certificate delivered in Colorado. Placing the notice on the first page ensures the policyholder sees the return right at the moment coverage is reviewed, and a notice placed anywhere else does not satisfy the statute.
Why the other options are wrong
- B) The statute designates the first page, not the last page, so a back-page notice does not meet the requirement of C.R.S. § 10-18-107.
- C) A separate enclosure does not satisfy the statutory placement requirement; the notice must be on the first page of the policy itself.
- D) The producer's sales summary is not a substitute for the statutory first-page notice required by C.R.S. § 10-18-107.
Memory hook
Free-look notice leads the policy — first page, first chance to read it.