A Pennsylvania policyholder receives an individual long-term care policy and decides within the statutory window that the coverage does not meet her needs. Under the right to return in 40 P.S. § 991.1110, how long does she have to return the policy for a full premium refund?

Why D is correct

Section 40 P.S. § 991.1110 gives the owner of an individual long-term care policy — and group certificateholders who contribute to the premium — the right to return the policy within 30 days of delivery for a full refund of premium. The Pennsylvania Insurance Department treats this long-term care right to return as its own rule, separate from the life and annuity free-look tiers, and the notice of the right must be prominently displayed on the first page of the policy.

Why the other options are wrong

• A) 10 days is the standard free-look period for life and annuity contracts; long-term care policies carry the longer 30-day right to return under 40 P.S. § 991.1110.
• B) 45 days is the same-insurer replacement tier of the life and annuity free look; it does not govern long-term care policies.
• C) 20 days is the other-insurer replacement tier of the life and annuity free look; long-term care uses a 30-day right to return.

Memory hook

Long-term care looks longer: 30 days to walk away with every dollar back.