Posted on July 20, 2013July 20, 2013
The document provided to each member of a group plan. It shows the benefits provided under the group contract issued to the employer or other insured.
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A period of time (usually 10, 20 or 30 days) during which a policyholder may examine a newly issued individual policy of life or health insurance, and surrender it in exchange for a full refund of premium if not satisfied for any reason.