Last updated: February 19, 2026. Based on Georgia insurance regulations and exam-vendor references.
Direct Answer: Georgia Life Free-Look Rule
For individual life insurance in Georgia, replacement notice language states the insured has 10 days after receipt of the policy to examine it and return it for a full premium refund.
The notice language also says return can be made to:
- the insurer's home office,
- branch office, or
- the writing agent.
Exact Days by Policy Type (High-Yield)
| Policy Type | Free-Look Window | Core Rule Signal |
|---|---|---|
| Individual life insurance (including replacement notice context) | 10 days | Georgia replacement regulation notice language |
| Long-term care insurance (not life, but tested as a trap) | 30 days | Georgia LTC shopper guide language |
When the Clock Starts
The replacement-notice language uses "following receipt" of the policy. In practice, exam questions often test delivery/receipt timing, not application date.
Refund Handling Rule
If the insured returns within the free-look period:
- they can cancel for any reason,
- and receive a full refund of premium.
Replacement Interactions (Exam-Favorite)
Georgia replacement regulation expects documented replacement handling, including:
- A replacement notice warning not to cancel old coverage too early.
- Consumer review of the new policy before terminating existing policy.
- Return/refund rights during free look.
The tested concept is consumer protection during policy replacement, not just memorizing a number.
Common Exam Traps
- Using application date instead of receipt/delivery date.
- Confusing life free-look windows with long-term care windows.
- Assuming replacement means no free-look rights.
- Missing that refund is full premium when returned in time.
Scenario Examples
Scenario 1
A client receives a replacement individual life policy, reviews it, and returns it within 10 days to the agent.
- Expected result: return accepted and full premium refunded.
Scenario 2
A question mixes life and long-term care facts in one stem.
- Correct approach: identify product type first, then apply the correct free-look window.
Mini-Quiz
- Georgia replacement notice free-look for individual life: 10 days or 30 days?
- Does the free-look clock start at application or policy receipt?
- Is refund partial or full if timely returned?
(Answers: 10 days, receipt, full refund.)