Return of policy; refund

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    (a)    Each Medicare supplement policy or certificate shall have prominently printed on the first page of the policy or certificate or attached to it, a notice that states that the applicant may:

        (1)    return the Medicare supplement policy or certificate within 30 days after its delivery; and

        (2)    receive a refund of the premium if after examination of the Medicare supplement policy or certificate, the applicant is not satisfied for any reason.

    (b)    The carrier shall pay a refund made under this section directly to the applicant in a timely manner.


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