Ace Arkansas Life & Health Insurance 2026 – Secure Your Success!

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An application for health insurance was submitted on November 1 with the initial premium and a conditional receipt was provided. Due to an existing medical condition, the underwriter requested an Attending Physician Statement, medical exam, and MIB report. After reviewing all sources of insurability, the insurer issued the policy as substandard with a surcharge. The policy was delivered by the producer on December 1 after explaining the coverage and surcharge, obtaining the statement of good health, and collecting the premium. Coverage became effective as of the date the:

Agent explained the policy coverage, surcharge, and collected the additional premium

The correct answer is A because this is when the entire process for obtaining and finalizing the policy was completed. The application was initially submitted on November 1, but the underwriter requested additional information due to an existing medical condition. The policy was issued on December 1, and then delivered by the producer after explaining the details and collecting the additional premium. This is the final step in the process and the effective date of coverage. Options B, C, and D are incorrect because they occur before the policy was actually issued and delivered.

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Application was submitted

Attending Physician Statement was received

Medical exam was completed

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