Ohio Insurance Laws and Regulations Practice Exam

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The free look period in Ohio for individual health insurance policies is _ days.

  1. 5

  2. 10

  3. 15

  4. 30

The correct answer is: 10

The free look period is the amount of time after purchasing an insurance policy in which the policyholder can review the terms and conditions and decide if they want to keep the policy or cancel it for a full refund. In Ohio, the free look period for individual health insurance policies is typically 10 days. This allows individuals to carefully consider their policy and make an informed decision about their coverage. Options A, C, and D are incorrect because they do not accurately reflect the established free look period in Ohio. It is important to note that the free look period may vary by state and insurance company, so it is always best to check with the specific policy or state regulations for the most accurate information.

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