I can tell you that I used to work for a life insurance company that had similar policies (no pun intended). The only way to read the actual policy was to pay t

I can tell you that I used to work for a life insurance company that had similar policies (no pun intended). The only way to read the actual policy was to pay the initial premium. They would issue the policy, and then the owner/insured would have a 15-day "free look" period where the policy can be canceled and the premium refunded in full. Free look periods are part of state insurance law in the life & health insurance world. I'm not sure if this also holds true for property and causality, but I'd assume it does.