State RegulationsPA specificDifficulty 2/5
Which statement accurately describes how the long-term care right to return works under 40 P.S. § 991.1110?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under 40 P.S. § 991.1110, the insurer must print the notice of the right to return prominently on the first page of the policy, and the refund on return is the full premium — not a prorated or unearned fraction. The right belongs to owners of individual long-term care policies and also to group certificateholders who contribute to the premium, a scope the Pennsylvania Insurance Department emphasizes in its long-term care disclosure rules. The right is unconditional within its period; no change in health or any other justification is needed.
Why the other options are wrong
- A) The scope is broader, not narrower: both individual policyholders and premium-paying group certificateholders hold the right under 40 P.S. § 991.1110.
- C) The refund is the full premium; limiting it to the unearned portion would contradict the statute's refund language.
- D) No proof of any health change is required; the right to return is exercisable within the statutory period for any reason.
Memory hook
First page tells you, 30 days repay you — full premium, no questions.