State RegulationsFL specificDifficulty 3/5
Which statement correctly describes when the free-look period runs for a Florida Medicare supplement policy?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Fla. Stat. 627.674(4)(d), the Medicare supplement free look runs 30 days from the insured's RECEIPT of the policy. This differs from the long-term care free look, which runs 30 days after DELIVERY of the policy — a different trigger with the same number. The receipt-based trigger ensures the clock does not start until the senior actually has the policy in hand to review.
Why the other options are wrong
- A) Delivery is the trigger for the long-term care free look, not the Medicare supplement free look, which runs from receipt.
- C) Fourteen days relates to the Buyer's Guide condition for life policies, not the Med Supp free-look trigger.
- D) Twenty-one days is the annuity refund period and does not run from the Med Supp issue date.
Memory hook
Med Supp counts from RECEIPT; LTC counts from DELIVERY.