Effective Date
An insurance contract takes effect when
- there has been no change in insurability of the life insured from the time the policy application was completed
- the policy contract is delivered (confirmed by a delivery receipt)
- the first premium is paid
This is the called the effective date and differs from the issue date.
The "free look" period starts here.
page revision: 7, last edited: 10 Jun 2007 17:40