Q862
When free look period under a policy would commence?
A.
Date of commencement
B.
Date of receipt of policy bond
AnswerC.
Date of FPR
D.
Any time
Answer: Option B
Solution
Answer: Option B
Solution:
Free look period under a policy would commence on the date of receipt of policy bond. A policy holder can return the policy back to the insurer within 15 days from the receipt of the policy documents.