L&HOhioeasy
In Ohio, what is the minimum free-look period that must be provided on a replacement annuity contract?
A10 days
30 days
C15 days
D20 days
Why this is the answer
While Ohio's standard free-look on newly issued life or annuity contracts is 10 days, any contract sold as a replacement is required to carry an extended 30-day free-look so the consumer has additional time to compare the new contract to the one being surrendered.
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