Effective Dates: Difference between revisions

Latest revision as of 08:33, 3 March 2025

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Effective dates are an important feature of insurance policies. They typically identify the date that an insurance policy begins, changes, or ends coverage.

You may be looking for:

Waiting Periods - The rules that govern when a policy goes into force or when coverage increases become effective
NFIP Effective Date Calculation - How the NFIP calculates policy effective dates
NFIP Cancellation Effective Dates - How the NFIP determines cancellation effective dates
NFIP Policy Renewal - How the NFIP manages policy renewals and the important dates involved
NFIP Policy Changes - How the NFIP expects policy changes to be issued, including the effective dates

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-Effective Dates - of all the information, transaction processing and assistance you will provide to clients, effective dates will play an important role in almost every aspect of your daily work.  It will be important that you understand how effective dates are calculated as well as the impact to a policy transaction in the event of a typographical error or possible miscalculation.  The Equinox system will handle some of the calculations for you making
+{{disambiguation}}
+'''Effective dates''' are an important feature of insurance policies. They typically identify the date that an insurance policy begins, changes, or ends coverage.
+You may be looking for:
-'''Effective Date Calculation'''
+* [[Waiting Periods]] - The rules that govern when a policy goes into force or when coverage increases become effective
+* [[NFIP Effective Date Calculation]] - How the NFIP calculates policy effective dates
-'''30 Day Wait'''
+* [[NFIP Cancellation Effective Dates]] - How the NFIP determines cancellation effective dates
+* [[NFIP Policy Renewal]] - How the NFIP manages policy renewals and the important dates involved
-In general, new flood insurance policies (and changes to an existing policy adding or increasing coverage) become effective following a 30-day waiting period (agent signature date plus 29 days)
+* [[NFIP Policy Changes]] - How the NFIP expects policy changes to be issued, including the effective dates
-* Calculation of the 30-day waiting period begins the date the application or change request is signed by the agent
-* The application or change request and the applicable premium must be received by the company within 10 days of the agent’s signature date (signature date plus 9 days).
-* Policy and change effective dates will automatically be recalculated for those that do not meet the 10-day requirement.
-If the application or change endorsement along with the applicable premium are not received within 10 days of the agent’s sign date, the policy will become effective 10 days from the date the application and premium are received by the company.