A producer collects the initial premium for a health policy and gives the applicant a conditiones recopt in the salon the policy becomes effective at which of the lowing te When the premium is received in the insurance company's home office When the policy is delivered When the conditions of the receipt are met When the premium check clears the bank A OB D

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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A producer collects the initial premium for a health policy and gives the applicant a conditiones recopt in the salon the policy becomes effective at which of the lowing te
When the premium is received in the insurance company's home office
When the policy is delivered
When the conditions of the receipt are met
When the premium check clears the bank
A
OB
D
Transcribed Image Text:A producer collects the initial premium for a health policy and gives the applicant a conditiones recopt in the salon the policy becomes effective at which of the lowing te When the premium is received in the insurance company's home office When the policy is delivered When the conditions of the receipt are met When the premium check clears the bank A OB D
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