L&HPennsylvaniaeasy
Under 31 Pa. Code Ch. 81, what is the minimum free-look period for a Pennsylvania life insurance policy that is a REPLACEMENT of existing coverage?
20 days
B10 days
C15 days
D30 days
Why this is the answer
Pennsylvania's replacement regulation (Chapter 81) extends the standard 10-day free-look to 20 days when the new policy replaces existing life insurance or an annuity, giving the consumer extra time to reconsider the transaction.
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