Question 8003 of 303 · California Life-Only Agent Exam
A conditional receipt issued with a life insurance application generally provides that coverage begins
Exactly one answer is correct.
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Correct answer to question 8003
- D: on the date of application or exam, if insurable
Explanation
Conditional receipts depend on the insurer's finding that the applicant meets underwriting standards. A binding receipt gives immediate coverage subject to a time limit.
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