State RegulationsFL specificDifficulty 1/5
What is the free-look period for an ordinary individual life policy sold in Florida?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
The exam answer is 14 days. Fla. Stat. 626.99(4)(a) ties 14 days to the Buyer's Guide delivery condition: the insurer must deliver the Buyer's Guide and Policy Summary before accepting the initial premium, unless the policy provides an unconditional refund for at least 14 days. Florida has no separate general free-look statute for life policies, so the 14-day figure comes from this conditional provision rather than from a standalone free-look law.
Why the other options are wrong
- A) The 10-day figure appears only inside the replacement-rule context as an unconditional refund condition, not as the life free look.
- C) 21 days is the unconditional refund period required for annuity contracts.
- D) 30 days is the free-look period for Medicare supplement and long-term care policies, not ordinary life.
Memory hook
Life free look: 14 days, born from the Buyer's Guide rule.