A life insurance policy is delivered to a policyholder in Aurora. Under C.R.S. § 10-7-302(1)(g), within how many days of delivery may the policyholder return the policy for a refund of premium?

Why D is correct

C.R.S. § 10-7-302(1)(g) gives the policyholder 15 days from delivery to return a life policy for a refund of premium, and the insurer must print that notice on the first page of the policy. The 10-day figure is not Colorado's life free look, and the 30-day free look belongs to Medicare supplement policies under C.R.S. § 10-18-107.

Why the other options are wrong

• A) Ten days is shorter than the statutory life free-look period of 15 days.
• B) Thirty days is the Medicare supplement free-look period under C.R.S. § 10-18-107, not the life policy free look.
• C) Forty-five days is not a Colorado free-look period for life policies.

Memory hook

Life free look = 15 days, printed on the first page.

Why A is correct

C.R.S. § 10-7-302(1)(g) requires every Colorado life policy to give the policyholder the right to return the policy within 15 days of delivery for a refund of the premium paid. This free-look window lets the applicant review the actual contract after delivery, not just the illustration. The 10-day figure sometimes quoted is a distractor and does not apply to Colorado life policies; the 30-day return right belongs to Medicare supplement policies, a different product.

Why the other options are wrong

• B) The 10-day figure is not Colorado's life free look — the statute keys the window to 15 days from delivery.
• C) The free look runs from delivery of the policy, not from an anniversary, and the 30-day figure is the Medicare supplement period.
• D) There is no 45-day free look in Colorado life insurance; the period is measured from delivery.

Memory hook

Life is 15, Med supp is 30 — count from the day it hits your hands.