Word forms: (regular plural) cooling-off periods
( Insurance : Sales and distribution )
The consumer must be given the opportunity to withdraw from the concluded contract
without incurring liability during the cooling-off period.
There will be a cooling-off period of fourteen days following the issuance of a new policy to allow a purchaser to cancel
A cooling-off period is a set time limit within which policyholders have the right to cancel an insurance
policy without any penalty.
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