Which statement is NOT true regarding the ability of an insured to return a disability (accident & health) policy?

• A. The Right to Return clause must be conspicuously attached to the first page of the policy.
• B. The policy may be returned within 10 days for a full refund.
• C. The right to return period begins with policy delivery.
• D. The insured can return the policy at any time for a full refund.

Answer: (D)

The idea being tested is the free-look (Right to Return) period for a disability policy. After delivery, the insured has a limited window to review the contract and cancel if it doesn't meet expectations. The policy must clearly disclose the Right to Return, and this clause is typically attached conspicuously on the first page. The return period starts at policy delivery, and during that time the policy can be returned for a full refund of premiums paid. This window is not unlimited, so returning the policy at any time for a full refund is not allowed.