Definitions for "Free Look Provision"
A provision that allows a policy owner to examine a policy a certain number of days and return it for a full refund. Also called Free Examination or Right of Refusal.
An insurance policy provision required by most states, allowing the policy owner to inspect the policy for a specified period of time. If desired the owner may return the policy to the insurer for a refund of the entire premium.
An insurance policy provision required by most states, allowing the policyowner to inspect the policy for a specified period of time, often ten, 15, 20 or 30 days and to return the policy to the insurer, if desired. for a refund of the entire premium.