[Solved] What Does, First Premium Receipt (F.P.R.), signify?

Q.	What Does, First Premium Receipt (F.P.R.), signify?
A.	Free-Look Period has ended.
B.	It is the Evidence, that the Policy-Contract has begun.
C.	Policy cannot be cancelled, Now.
D.	Policy has acquired a Certain Cash-Value.
Answer» B. It is the Evidence, that the Policy-Contract has begun.

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Insurance Exam (LIFE)

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