Florida Health Insurance Terms:
What is a "Free Look Period?": The period of time in which your have the legal right to examine a newly issued policy and return it for a full refund of premium if not satisfied for any reason.
The free-look provision to a policy means a customer has 15 days from the date of the policy's receipt to revisit his purchase decision. This would essentially mean that the policyholder has the time to go through the policy fineprint, understand how the policy is going to work and convince himself that he needs such a policy before deciding to commit funds every year over the plan tenure. The objective: Make the process of buying insurance transparent, easy and fulfilling for the customer, rather than leaving him with the feeling that he has picked up what he would have otherwise not needed.
More On Free Look Provisions: Free Look Provisions
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