Have you ever struggled to answer the question “what is being delivered during a policy delivery” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
What is being delivered during a policy delivery
Options:
- A. A binding receipt to the proposed insured
- B. Insurance contract to the proposed insured
- C. Application and initial premium to the insurer
- D. Policy summary sheet and disclosure material to the proposed insured
The Correct Answer Is:
- B. Insurance contract to the proposed insured