Insurance Coverage Is Always Effective the Moment an Insurance Broker

question 34

True/False

Insurance coverage is always effective the moment an insurance broker accepts the applicant's first payment toward the premium.

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Definitions:

Prospective Members

Individuals who are considered or are considering to become members of a specific group, organization, or institution.

Reference Group

A group that individuals use as a standard for evaluating themselves and their own behavior.

Political Group

An organization or collective of individuals that seeks to influence or participate in governance or policy-making processes.

Optimizing Productivity

The process of making the best or most effective use of resources to maximize output or efficiency.