What is the "right to examine" provision in a group policy generally known as?

The "right to examine" provision in a group policy is commonly referred to as the free look period. This provision allows policyholders a specific amount of time after the policy is issued to review the terms and conditions. During this period, policyholders can decide whether to keep or cancel the policy without penalty. This right is a consumer protection measure, giving individuals the opportunity to ensure that the policy meets their needs and expectations before they become irrevocably bound to its terms.

The free look period typically varies by state and type of policy but is often around 10 to 30 days. If the policyholder chooses to cancel within the allowed period, they usually receive a full refund of any premium paid. This provision is crucial because it helps build trust between the insurer and the insured, ensuring that the policyholder can make an informed decision about their coverage.