State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
Under California Insurance Code Section 10127.10, an individual life insurance policy issued to a senior citizen (age 60 or older) must have which of the following on the front of the policy jacket or cover page?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Section 10127.10 requires that every individual life insurance policy and individual annuity contract issued or delivered to a senior citizen (age 60 or older on the date of purchase) print a notice on the front of the policy jacket or cover page in 12-point bold type, with one inch of space on all sides, stating that the policy may be returned for cancellation within a period of not less than 30 days. The notice tells the senior that cancellation after 30 days may result in a surrender charge.
Why the other options are wrong
- B) The statute mandates 12-point bold print with one inch of space on all sides, not 10-point italic type.
- C) Dividends are never guaranteed in any policy, and Section 10127.10 makes no dividend promise.
- D) Financial ratings are marketing information, not part of the statutory senior cancellation notice.
Memory hook
60-plus policies must shout the 30-day return window in 12-point bold. Big type, clear refund right, no fine print.