K is an agent who takes an application for individual life insurance but the applicant's check was never signed. When will coverage be effective assuming the application is approved?

The effective coverage date for an individual life insurance policy is typically linked to the delivery of the policy along with the collection of the initial premium. In this scenario, since the applicant's check was never signed, the initial premium was not paid. Therefore, the policy cannot be effective until the agent delivers the policy and collects the initial premium from the applicant.

This requirement ensures that the insurance company receives the first payment before the coverage officially begins, as it protects the insurer from assuming risk without the commitment of the initial payment. If the premium has not been collected at delivery, the applicant may not be legally bound to the terms of the policy. Thus, the combination of delivering the policy and collecting the premium is crucial for activating the coverage.

In contrast, coverage being effective at any other point, like when the application is submitted or when the policy is issued, does not apply because those instances do not include the critical requirement of having the initial premium paid.