Contract Delivery. a. The contract may be delivered only if: i. The proposed insured or contract owner at the time of delivery is, to the best of Agent’s knowledge and belief, in as good a condition of health and insurability as stated in the application for such contract; ii. The first premium has been fully paid; and iii. Twenty days have not elapsed from the date said contract was issued by Insurer. b. Any contract not delivered shall be immediately returned to Insurer upon expiration of the twenty-day period.
Appears in 3 contracts
Sources: Agent/Agency Contract, Agent Agreement, Agent Appointment Agreement