When does the free-look period begin? (delivery-based rule)

• A. On the policy issue date.
• B. On delivery of the policy to the insured.
• C. At the policy's renewal.
• D. After the policy has been in force for 60 days.

Answer: (B)

The main idea is when the insured gets to review the policy. Under a delivery-based rule, the free-look period starts when the policy is delivered to the insured. Once delivery occurs, the insured has the specified number of days to review and cancel if they choose, with premiums refunded and coverage voided. The issue date, renewal, or a set waiting time after the policy is in force do not start the free-look clock under this rule. The focus is on the moment of delivery to the insured, not when the policy was issued.