State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
Under CIC Section 10127.10, a life insurance policy issued to a person age 60 or older must contain which feature?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
CIC Section 10127.10 protects senior applicants: life insurance policies issued to persons aged 60 or older must include a notice in at least 12-point bold type explaining that the applicant may cancel the policy by returning it within at least 30 days and receive a full refund of premium. For insureds under 60, Section 10127.9 generally requires a free-look period of 10 to 30 days. The bold, prominent notice ensures older applicants understand their cancellation right before accepting the policy.
Why the other options are wrong
- A) The 10-day figure relates to the under-60 free look under Section 10127.9, not to seniors, whose right is at least 30 days, and the notice is not hidden in fine print.
- B) The suicide clause is governed separately and is not waived for senior purchasers.
- C) Section 10127.10 does not require any dividend option election; that is a contract design choice.
Memory hook
60+ buyers get a 30-day return right announced in 12-point bold.