An application for insurance is completed and submitted to an insurance company. In order for coverage to be effective immediately, all of the following conditions must be met, except:

An application for insurance is completed and submitted to an insurance company. In order for coverage to be effective immediately, all of the following conditions must be met, except:



a. A medical exam is not required

b. A conditional receipt is issued

c. The policy is issued at a higher risk than the standard risk applied for

d. The initial premium is submitted with the application



Answer: C

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