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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