When will coverage begin if an applicant does not wish to give the agent the initial premium?

Coverage typically begins when the policy is delivered to the applicant and the initial premium is collected. This requirement is in place to ensure that the insurer has received the necessary payment to activate the policy. Until the initial premium is paid, there is no binding contract in place, and therefore, the coverage cannot become effective.

This means that the applicant is essentially agreeing to the terms of the policy upon signing the application, but the actual protection provided by the insurance company only starts once the insurance is officially delivered to them and payment has been made. This process ensures that both the insurer and the insured are protected during the initial stages of the policy.