The 10-day free look period begins on which date?

• A. Date of contract delivery
• B. Date of policy issue
• C. Date of application submission
• D. Date of underwriting approval

Answer: (A)

The free-look period is the window a consumer has to review the actual policy and cancel if they’re not satisfied. It starts when the contract is delivered to the insured, because that is the moment they physically or digitally receive the policy documents and can read all terms, benefits, and conditions. Dates such as when the application was submitted or when underwriting was approved happen before the insured has the policy in hand, so they don’t mark the start of the period. The issue date might occur before delivery, but the right to reconsider begins only after delivery so the insured has the policy to review. If the policy is returned within the 10 days, premiums are typically refunded and the coverage is considered void from the start.