Which of the following statements regarding a conditional receipt is CORRECT?

Which of the following statements regarding a conditional receipt is CORRECT?




A) It is given only if the initial premium has been submitted with the signed application.

B) It is given when the application is completed.

C) It is given pending acceptance by the applicant of additional riders.

D) It is given at the time of policy delivery.



Answer: A) It is given only if the initial premium has been submitted with the signed application. 

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