State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 1/5
In California, the principal purpose of having the policyowner sign a delivery receipt when a life policy is delivered is to:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under CIC Section 10113.6, delivery of a life policy must be accomplished in a manner that establishes when the owner received it, because that date starts the running of statutory rights such as the free-look period during which the owner may return the policy for cancellation. Acceptable delivery includes registered or certified mail, or personal delivery with a signed written receipt. If the insurer cannot prove delivery by an acceptable means, it bears the burden of proof in any later dispute over the policy's effective periods.
Why the other options are wrong
- B) Delivery receipts have nothing to do with ownership; ownership rights are established by the policy contract itself and the named owner.
- C) Incontestability is a statutory protection that cannot be waived by signing a delivery receipt at the time the policy is delivered.
- D) Medical examination results are underwriting records kept by the insurer and are unrelated to the delivery acknowledgment.
Memory hook
The receipt sets the clock: the delivery date is when the free-look countdown begins.