What signed document initiates the free look period for an insurance policy?

The initiation of the free look period for an insurance policy is triggered by the delivery receipt. When an insurance policy is delivered to the policyholder, they typically sign a delivery receipt acknowledging the receipt of the policy. This signed document serves as a formal indication that the policy has been provided, at which point the policyholder can review the policy's terms and conditions.

During the free look period, which typically lasts for a specified number of days, the policyholder has the right to evaluate the policy and can choose to cancel it for a full refund of any premiums paid. This consumer protection measure allows individuals to ensure that they are satisfied with the policy they have purchased without being immediately locked into the contract.

Other documents like an adjustment form, authorization letter, or application form do not initiate the free look period. These documents serve different purposes within the insurance process, such as requesting changes to existing policies or providing preliminary information, but the delivery receipt is specifically designed to mark the official handover of the policy and the beginning of the free look period.