In South Carolina, how many days does the free-look provision allow the insured to return an individual insurance policy for a full premium refund?

The free-look provision is a vital aspect of insurance policies that offers policyholders the opportunity to evaluate their purchase. In South Carolina, this provision allows the insured to return an individual insurance policy within 10 days for a full premium refund. This time frame provides the policyholder with an opportunity to review the policy terms and conditions, ensuring they fully understand their coverage and benefits. If the policyholder changes their mind or finds that the policy does not meet their needs, they can easily return it within this designated period without penalty, thus promoting consumer protection and satisfaction.