Liberalization in insurance policy states, "The insured benefits from broadened coverage if the company adopts a form revision within how many days of inception?"

The principle of liberalization in insurance policy provides that if an insurance company broadens its coverage during the policy term, the insured automatically benefits from those changes without the need to adjust their premium or policy. This often applies when revisions to the forms or policies are found to enhance coverage.

In many cases, companies establish a timeframe within which these changes take effect. The correct choice highlights a common standard where the insured benefits if the company adopts a form revision within 45 days of the policy's inception. This period allows the insurer to implement revisions that enhance coverage while ensuring that policyholders are informed of such changes in a timely manner.

Understanding the liberalization clause empowers policyholders to know their rights regarding coverage enhancements and reassures them that they will receive broader protection without additional costs if their insurer makes advantageous policy changes shortly after their policy begins.