The date when earning the premium for a general insurance policy begins should normally be taken as the date when:

Question

Quizplus · Accepted Answer

The date when earning the premium for general insurance policy begins is the attachment date, which is the date when the insurer accepts the risk. This is because the insurer is taking on the responsibility to cover the insured's potential losses from that date forward. The other options may be important steps in the process of obtaining the policy, but they do not necessarily indicate when the coverage begins.

The Date When Earning the Premium for a General Insurance