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J applied for a Disability Income policy and four days later, the producer collected the initial premium and issued a conditional receipt. A medical required
J applied for a Disability Income policy and four days later, the producer collected the initial premium and issued a conditional receipt. A medical required and the insurance company issued a standard policy which the producer delivered. In this case, coverage began when:
- the application was completed
- J paid the initial premium
- the company issued the policy
- the producer delivered the policy
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