An applicant completes the application and submits it to the insurer along with a premium check. When is the applicant's offer considered accepted?

An applicant completes the application and submits it to the insurer along with a premium check. When is the applicant's offer considered accepted?


A

Only after the policyowner completes any required medical exams

B

When the insurer issues a policy

C

Upon cashing the premium check

D

When the application and premium check arrive at the insurer's home office



Answer: B

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