Free Look means a period of 15 days (30 days if the Policy is sourced through distance marketing modes) from the date of receipt of the Policy, to review the terms and conditions of the Policy, where if You disagree to any of those terms and conditions, You have the option to return the Policy stating the reasons for objection. Upon return, the Policy will terminate forthwith and all rights, benefits and interests under the Policy will cease immediately. You shall be entitled to a refund of the Premium received by Us after deducting the proportionate risk premium for the period of cover, charges of stamp duty paid and the expenses incurred by Us on medical examination, if any;
Free Look period means the period up to fourteen (14) business days from the time this Policy is received by the Policyholder or Insured and this Policy is deemed to have been delivered and received by the Policyholder or Insured three (3) business days after it is posted by the Company.
Free Look. In the event a contract is returned to Security Life pursuant to such provision, the full Promotional Agent Fee paid thereon shall be charged back to Promotional Agent. Refund of premium, purchase payment or Sales Proceeds: Should any premium or purchase payment on any contract issued by Security Life or any sales proceeds invested in the North American Funds be refunded, for any reason, Promotional Agent shall repay or return Promotional Agent Fees received by, it with respect to such-premium, purchase payment or sales proceeds.
Examples of Free Look in a sentence
You would be given a period of 15 days (Free Look Period) from the date of receipt of the Policy to review its terms and conditions.
The election of the Variable Rider does not increase or decrease the duration of this Free Look Period.
The Free Look Period shall be applicable on new individual health insurance policies and not on renewals or at the time of porting/migrating the policy.
All the rights under the Policy shall stand extinguished immediately on the cancellation of the Policy under the Free Look Option.
We may, however, require that an initial purchase payment allocated to a Variable Sub-Account be invested in the Designated Sub-Account shown in the Schedule during the Free Look Period.
More Definitions of Free Look
Free Look means a period of 30 days from the date of receipt of the Policy, to review the terms and conditions of the Policy, where if You disagree to any of those terms and conditions, You have the option to return the Policy stating the reasons for objection. Upon return, the Policy will terminate forthwith and all rights, benefits and interests under the Policy will cease immediately. You shall be entitled to an amount which will be equal to non-allocated Premium plus charges levied by cancellation of Units plus Fund Value at the date of cancellation less charges deducted towards mortality and rider benefit, if any (including applicable taxes, cess and levies on these charges) for the period of cover, expenses incurred on medical examination, if any, and on account of stamp duty.
Free Look means a period during which You have a right to return the Policy for cancellation by providing a written notice to the Company stating objections/reasons, if You are not satisfied with the terms and conditions/features of the Policy and benefits stated in the Benefit Illustration, and receive the refund of all Premiums paid without interest after deducting proportionate risk premium, stamp duty and medical
Free Look period means the period up to 14 business days from the time this Policy is received by You and this Policy is deemed to have been delivered and received by You 3 business days after it is posted by Us.
Free Look. In the event a contract is returned to First North American pursuant to such provision, the full Promotional Agent Fee paid thereon shall be charged back to Promotional Agent.
Free Look means a period of 15 days (30 days if the Policy is sourced through distance marketing modes) from the date of receipt of the Policy, to review the terms and conditions of the Policy, where if You disagree to any of those terms and conditions, You have the option to return the Policy stating the
Free Look means a period during which You have a right to return the Policy for cancellation by providing a written notice to the Company stating objections/reasons, if You are not satisfied with the terms and conditions/features of the Policy and benefits stated in the Benefit Illustration, and receive the refund of all Premiums paid without interest after deducting proportionate risk premium, stamp duty and medical examination cost along with applicable taxes, cesses and levies which have been incurred for issuing the Policy. Such notice must be signed by You and received directly by the Company within 15 days from the date of receipt of the Policy document by You or person authorized by You. The said period of 15 days shall stand extended to 30 days, if the Policy is sourced through electronic or distance marketing mode, which includes solicitation through any means of communication other than in person.
Free Look. Exception. Notwithstanding the foregoing, this Section 7 shall not apply if Executive terminates his employment by Transport America during the “Free Look Period” as defined in Section 8(a) of this Agreement.