Q: 14
Miguel applied for a disability insurance policy nearly three months ago. He recently received notice
from his agent that his application was approved, with an exclusion applicable to his lower back due
to a prior injury. The agent brought the exclusion amendment with the policy at the delivery
appointment. Miguel signed and accepted it. He gave the agent a copy of a void cheque to set up
direct billing for the premiums, but asked that they wait three days to draw the first premium, to
coincide with his payday. The insurer drew the premium three days later, as requested. When did
Miguel's policy take effect?
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