Final answer:
If a commercial policy is purchased on Oct. 15, 2020, it will end on Oct. 15, 2021. The specific time of expiration will depend on the insurance company's terms.
Step-by-step explanation:
The commercial policy that was purchased on Oct. 15, 2020, is a one-year policy. Therefore, it will expire exactly one year later on Oct. 15, 2021. The time at which the policy ends will depend on the terms and conditions set by the insurance company. It is important to review the policy documents or contact the insurance provider to determine the exact time of expiration.