On August 1, Roger completed an application for a major medical policy, gave his agent a check for the initial premium, and received a conditional receipt from the agent. No medical examination was required. On August 3, the agent submitted Roger's application and premium to the insurance company. On August 6, Roger was involved in an accident and admitted to a hospital. On August 12, the agent received Roger's policy from the insurance company. Which of the following statements concerning this situation is CORRECT?
A) Roger's coverage began when he received the conditional receipt.
B) Roger's coverage began the day the agent sent the application and premium to the insurance company.
C) Roger's coverage will begin when he receives the policy from the agent.
D) Roger's coverage began the day the insurance company received the application and premium from the agent."
Ans: A) Roger's coverage began when he received the conditional receipt.
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