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  2. Annuity free look period minimum requirements by state - AOL

    www.aol.com/finance/annuity-free-look-period...

    The free look period is your last chance to evaluate an annuity and cancel the contract before the terms become legally binding. After the period ends, canceling or withdrawing can result in hefty ...

  3. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

  4. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    If the buyer cannot fulfil the contingencies in time, the original contract will cancel and the back-up offer will move into first position. The time period in the 72 hours clause can be negotiated but it is required to get that time approved ahead of time. The 72 hour clause was updated in late 2020.

  5. Cancellation (insurance) - Wikipedia

    en.wikipedia.org/wiki/Cancellation_(insurance)

    The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.

  6. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    Many states do require a cooling-off period of a few days (typically three business days) after any contract is signed. If this is the case in your state, either party may cancel the contract ...

  7. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In finance, law, and insurance, rescission is the termination of a contract from the beginning (as if it never existed), rendering it void ab initio. In 2009, one judge ruled that borrowers who refinanced into an adjustable-rate mortgage could force a bank to rescind mortgage loans if it acted similarly inappropriately. [ 9 ]

  8. When and how to cancel your car insurance policy

    www.aol.com/finance/cancel-car-insurance-policy...

    For example, some providers may require you to pay a cancellation fee or give a 30-day notice ahead of your cancellation date. It might be beneficial to speak directly with an agent to be clear on ...

  9. Timeshare - Wikipedia

    en.wikipedia.org/wiki/Timeshare

    The U.S. Federal Trade Commission mandates a "cooling-off period" that allows people to cancel some types of purchases without penalty within three days. [15] Additionally, almost all U.S. states have laws that specifically govern cancellation of timeshare contracts. In Florida, a new timeshare owner can cancel the purchase within ten days. [16]

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