Delivering the policy Flashcards

1
Q

once your application has been approved, you’ve signed your policy and made your first premium. Premiums are typically paid monthly or annually

A

When coverage begins

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2
Q

A producer must explain policy provisions, exclusion, and riders at the time of delivery, as well as the rating procedures, especially if the policy is rated differently than applied for.

A

. Explaining the policy and its provisions, riders,
exclusions, and ratings to the client

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