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Under Cyprus insurance law, how long is the statutory right of withdrawal (cooling-off period) for a newly issued life insurance contract?

14 days from the date of the verbal agreement 30 days from the date the policyholder is notified that the contract has been concluded 7 days from the date the first premium is paid There is no statutory cooling-off period for life insurance in Cyprus

Correct Answer:

30 days from the date the policyholder is notified that the contract has been concluded

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