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  "id": "ca-ins-code-10127-10",
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  "contentVersion": "2026.08.31",
  "generatedFor": "2026-09-07",
  "operator": {
    "legalName": "WJB Services, Inc.",
    "dba": "Bollinsure Insurance Services",
    "license": "6013787",
    "licenseAuthority": "California Department of Insurance"
  },
  "license": "Text on this page may be quoted with attribution and a link to the canonical URL.",
  "notice": "Public page facts only. This record contains no visitor question, no tool input, and no identifier. It is not a coverage determination, an eligibility decision, or individualized advice.",
  "title": "California Insurance Code Section 10127.10 (a 30-day return period for purchasers aged 60 or older)",
  "publisher": "California Legislative Counsel (leginfo.legislature.ca.gov)",
  "url": "https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS&sectionNum=10127.10",
  "officialHost": true,
  "sourceType": "statute",
  "authorityLevel": "primary-law",
  "primary": true,
  "jurisdiction": "CA",
  "publishedDate": "unknown",
  "effectiveDate": "unknown",
  "accessedDate": "2026-09-06",
  "lastChecked": "2026-09-06",
  "updateCadence": "Amended only by legislation.",
  "status": "active",
  "supportsClaims": [
    {
      "claimId": "ca-ins-code-10127-10#c1",
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      "checksum": "ac1b996be297",
      "text": "Section 10127.10 provides a 30-day period from the date the policy is received within which an individual life insurance policy or annuity contract may be returned, where the policy is issued to a senior citizen."
    },
    {
      "claimId": "ca-ins-code-10127-10#c2",
      "canonicalUrl": "https://bestinsuranceresearch.com/sources/ca-ins-code-10127-10#c2",
      "checksum": "034d1dd521f7",
      "text": "Section 10127.10 defines a senior citizen for this purpose as an individual who is 60 years of age or older on the date of purchase."
    },
    {
      "claimId": "ca-ins-code-10127-10#c3",
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      "checksum": "a910b3740a9d",
      "text": "Section 10127.10 requires the prescribed notice to be printed on the cover page in 12-point bold print with one inch of space on all sides."
    },
    {
      "claimId": "ca-ins-code-10127-10#c4",
      "canonicalUrl": "https://bestinsuranceresearch.com/sources/ca-ins-code-10127-10#c4",
      "checksum": "18492c97a7ae",
      "text": "Section 10127.10 provides that for a variable policy whose premium is invested in mutual funds, what is refunded is the policy account value on the day the policy is received by the insurer or agent, which could be less than the premium paid."
    },
    {
      "claimId": "ca-ins-code-10127-10#c5",
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      "checksum": "814cbbec0897",
      "text": "Section 10127.10 provides for an immediate annuity that after the 30-day period has expired the purchaser may not be able to get the purchase payment money back."
    }
  ],
  "reliedOnBy": [
    {
      "kind": "Question",
      "title": "Can I return a life policy or annuity after buying it, and do I get everything back?",
      "url": "https://bestinsuranceresearch.com/questions/free-look-return-life-policy-annuity-california"
    },
    {
      "kind": "Coverage",
      "title": "Individual life insurance (California)",
      "url": "https://bestinsuranceresearch.com/insurance/individual-life-california"
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  "reliedOnByCount": 2,
  "citation": {
    "text": "California Legislative Counsel (leginfo.legislature.ca.gov). \"California Insurance Code Section 10127.10 (a 30-day return period for purchasers aged 60 or older).\" unknown. https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS&sectionNum=10127.10 (retrieved 2026-09-06).",
    "viaThisSite": "BestInsurance Research source record ca-ins-code-10127-10, content version 2026.08.31. https://bestinsuranceresearch.com/sources/ca-ins-code-10127-10",
    "note": "Cite the underlying source when you can. Cite this record when you are describing our synthesis or our claim list."
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