A Georgia consumer signs an application for a new annuity on March 1, and the contract is delivered on March 20. Under O.C.G.A. § 33-28-6, what is the LATEST date on which the consumer may return the contract for a refund of the premium?

Why this is the answer

Georgia gives the buyer of an individual annuity ten days after receiving the contract to return it and get back the premium paid (O.C.G.A. § 33-28-6). The clock runs from receipt, so a contract delivered March 20 can be returned through March 30. The application date does not start the period. Georgia's life replacement regulation, Ga. Comp. R. & Regs. 120-2-24, expressly does not apply to annuity replacements, and no Georgia rule adds a 20-day conservation period or a 30-day replacement free look; 120-2-21 is the premium finance company rule.