Question

What is the free-look period provision?

a.

A period during which the customer can receive premium discounts

b.

A period during which the customer can change the policy details

c.

A period during which the policy can be returned, and a refund of premium obtained

d.

A period during which the customer can switch to a different insurance company

Answer: (c).A period during which the policy can be returned, and a refund of premium obtained Explanation:The free-look period provision allows the policy to be returned during a certain period, and a refund of premium can be obtained.

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Q. What is the free-look period provision?

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