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Colorado Property & Casualty Practice Exam

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A Colorado individual life policy is delivered and no replacement is involved. What standard right-to-return period must the policy provide under Colorado's compulsory life-policy provisions?
Correct Answer:
15 days from delivery
Explanation:
Colorado law requires a prominently stated right to return an individual life policy within 15 days of delivery and receive the applicable refund if the policyholder is not satisfied.

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