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M completes an application for health insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect EXCEPT


policy is delivered

free-look period has expired

insurance company issues policy

initial premium is collected

Respuesta :

Answer:

All of these actions must occur before M's policy goes into effect except the expiry of the free-look period.

Explanation:

  • Soon after the application for the health insurance is submitted and accepted, the free-look period comes into effect.
  • During this period, specifically, the buyer of the policy is not mandatorily required to pay the initial premium for the policy.
  • This is the reason the period has been named as 'free-look period'.
  • Hence, it can be said that M has not paid the initial premium because the free-look period has not expired yet.

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