Ch.2 questions
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If an agent fails to get an applicant's signature on the application, the agent must
Return the application to the applicant for a signature
Which is generally true regarding insured who have been classified as preferred risks?
Their premiums are lower
Another name for a substandard risk classification is
When the application is signed & a check is given to the agent
When is the earliest a policy may go into effect?
When the application is signed & a check is given to the agent