Are you looking for the correct answer to the question “On August 1, Roger completed an application for a major medical policy, gave his agent a check for the initial premium and received an insurability receipt from the agent. No medical examination was required. On August 3, the agent submitted Roger’s application and premium to the insurance company. On August 6, Roger was involved in an accident and admitted to a hospital. On August 12, the agent received Roger’s policy from the insurance company. Which of the following statements concerning this situation is CORRECT?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
On August 1, Roger completed an application for a major medical policy, gave his agent a check for the initial premium and received an insurability receipt from the agent. No medical examination was required. On August 3, the agent submitted Roger’s application and premium to the insurance company. On August 6, Roger was involved in an accident and admitted to a hospital. On August 12, the agent received Roger’s policy from the insurance company. Which of the following statements concerning this situation is CORRECT?
A) Roger’s coverage began the day the insurance company received the application and premium from the agent.
B) Roger’s coverage will begin when he receives the policy from the agent.
C) Roger’s coverage began when he received the insurability receipt.
D) Roger’s coverage began the day the agent sent the application and premium to the insurance company.
Answer: C
The above question On August 1, Roger completed an application for a major medical policy, gave his agent a check for the initial premium and received an insurability receipt from the agent. No medical examination was required. On August 3, the agent submitted Roger’s application and premium to the insurance company. On August 6, Roger was involved in an accident and admitted to a hospital. On August 12, the agent received Roger’s policy from the insurance company. Which of the following statements concerning this situation is CORRECT?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
