Final answer:
Florida law requires all Medigap insurance policies to have a Free Look Period, allowing individuals to review the policy and cancel it if they are not satisfied. Correct option is False.
Step-by-step explanation:
Florida law requires all Medigap insurance policies to have a "Free Look Period". This means that individuals who purchase a Medigap policy have a certain amount of time to review the policy and decide whether to keep it or cancel it without penalty.
During this period, individuals can examine the policy in detail, understand the coverage and benefits, and determine if it meets their needs. If they are not satisfied, they can cancel the policy and receive a full refund of any premiums paid.