What is the right-to-examine period in Maryland for long-term care policies?

In Maryland, the right-to-examine period for long-term care policies is set at 30 days. This period allows policyholders to review their policy after purchase. During this time, they have the opportunity to fully understand the terms and conditions of their long-term care insurance and evaluate whether it suits their needs. If the policyholder finds that it does not meet their expectations, they can cancel the policy within this 30-day frame and receive a full refund of any premiums paid. This provision is crucial as it provides consumers with a safeguard against buyer's remorse and ensures that they can make well-informed decisions regarding their long-term care planning.

In contrast, the other options do not align with Maryland's regulations regarding the length of the right-to-examine period for these policies. They may reflect practices in other states or be based on misunderstandings of the appropriate timeframes.