Which event is not the start of the 10-day free look period?

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Prepare for the Canada HLLQP Ethics Exam with comprehensive quizzes. Utilize flashcards and multiple-choice questions, supported by hints and explanations. Enhance your readiness and confidence!

Multiple Choice

Which event is not the start of the 10-day free look period?

Explanation:
The 10-day free-look period begins when the client actually receives the policy or contract. delivery to the client marks the start of the review period, so the client has time to read and cancel if desired. The date the policy is issued is not the start because issue can occur before delivery; the client hasn’t gotten the policy yet, so the clock hasn’t started. Therefore, the event that does not start the free-look is the date of policy issue.

The 10-day free-look period begins when the client actually receives the policy or contract. delivery to the client marks the start of the review period, so the client has time to read and cancel if desired. The date the policy is issued is not the start because issue can occur before delivery; the client hasn’t gotten the policy yet, so the clock hasn’t started. Therefore, the event that does not start the free-look is the date of policy issue.

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