What is the signed document that initiates the free-look period for insurance policies?

The signed document that initiates the free-look period for insurance policies is indeed the delivery receipt. When an insurance policy is delivered to the policyholder, they often sign a delivery receipt acknowledging that they have received the policy. This signature is crucial because it marks the official start of the free-look period, which allows the policyholder a specific timeframe to review the policy and decide whether to keep it or cancel it for a full refund.

The free-look period is an important consumer protection mechanism, ensuring that policyholders can assess their purchase before fully committing to it. While other documents like the premium notice, policy summary, and application form are important in the overall process of obtaining insurance, they do not specifically trigger the free-look period. The delivery receipt serves as the formal acknowledgment that leads to the activation of this consumer right.