Free Look definition
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
The units to be cancelled or created in respect of the Policy owner’s requests to switch fund(s), make withdrawals from this Policy, cancel this Policy pursuant to Free Look or surrender this Policy, and/or the Policy owner’s payment of regular Premiums, single Premium and/or Top-ups will be cancelled or created at the unit prices of the relevant funds available on the next Valuation Day following the date of the relevant request or payment (as the case may be) is received and duly processed.
If the insured has not made any claim during the Free Look Period, the insured shall be entitled to i.
The Policyholder‟s acceptance of the Policy terms and conditions beyond the Free Look Period shall be deemed to be taken as express consent regarding the use of their Data.
More Definitions of Free Look
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 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 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 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 of thirty (30) days beginning from the date of receipt of the policy document, whether received electronically or otherwise, to review the terms and conditions of the policy. If the policyholder disagrees to any of the policy terms or conditions, or otherwise and has not made any claim, the policyholder shall have the option to return the policy for cancellation, stating the reasons for the same.
Free Look. Provision. Executive, at his option, may terminate his employment by Transport America at any time during the 90-day period commencing on the 270th day following the closing of the Merger (the “Free Look Period”). If Executive terminates his employment during the Free Look Period, he will be entitled exclusively to the severance payments and benefits set forth in paragraph (d)(i) of this Section 8 and will be eligible for no other payments or benefits under any other provision in this Agreement, except as provided for in paragraph 8(c). This paragraph shall have no effect on Transport America’s right to terminate Executive for “Cause” during the Free Look Period. This paragraph shall be void and without legal effect if Executive does not terminate his employment before the Free Look Period expires.
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.