South Carolina Life and Health Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

Study for the South Carolina Life and Health Exam. Engage with flashcards and multiple choice questions; each question is outlined with hints and explanations. Prepare for your certification journey!

Practice this question and more.

In South Carolina, within how many days does the free-look provision allow the insured the right to return an individual insurance policy for a full premium?

5 days
20 days
10 days
30 days

The correct answer is: 10 days

The free-look provision in South Carolina allows an insured to return an individual insurance policy within a period of 10 days. This provision is designed to give the policyholder time to review the terms and conditions of the policy and ensure that it meets their needs without any financial penalty. If the insured decides to return the policy within this 10-day window, they are entitled to a full refund of any premiums paid. This option serves as a consumer protection measure, allowing policyholders peace of mind and the opportunity to make informed decisions following their purchase, which reflects the importance of allowing time to evaluate the specifics of the coverage chosen. The specified duration of 10 days is common in many states, including South Carolina, to ensure that consumers do not feel rushed into a decision and can confidently assess their insurance needs.