State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
A 45-year-old California consumer receives a newly issued individual life insurance policy. Under Section 10127.9, the free-look (cancellation) period provided must be:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
For consumers under 60, Section 10127.9 requires a free-look period of no fewer than 10 and no more than 30 days, at the insurer's option, with a full refund of premiums on cancellation. For variable policies, the refund is the account value. The insurer sets the precise number within the statutory band.
Why the other options are wrong
- B) A flat 30 days is the senior standard (60+), not the under-60 rule.
- C) Sixty days is the premium grace period, not the free-look window.
- D) Seven days would fall below the statutory 10-day floor and is unlawful.
Memory hook
Free look under 60 = 10 to 30 days, insurer's pick. Seniors get 30 minimum. Grace (60 days) is a different clock for missed premiums.