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Alinara [238K]
2 years ago
15

an application for health insurance was submitted on may 1 without a premium payment. the underwriter ordered a medical exam, wh

ich was completed on may 15. the company issued and mailed the policy to the agent on may 30. the agent delivered the policy and collected the first premium, along with the statement of good health, on june 3. coverage became effective on:
Business
1 answer:
Law Incorporation [45]2 years ago
8 0

The coverage became effective on 3rd June on the day collection of first premium .The start of the time frame that the subject(s) of the record group, collection, or archive materials cover.

<h3>How Does Health Insurance Work?</h3>

Simply put, health insurance is a means of financing your medical care. When you are ill or wounded, your health insurance prevents you from having to pay the full cost of medical treatments. It functions similarly to how your house or auto insurance does: either you or your employer choose a plan and agrees to pay a predetermined rate, or premium, each month. Your health insurance consents to cover a portion of your covered medical expenses in exchange.

To know more about 'health insurance' , visit:brainly.com/question/1941778

#SPJ4

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