Does Payment Equal Acceptance for WC Policies?

[scagnt83]

Does a workers comp policy have to have a delivery receipt signed? Is a policy required to be delivered for it to be valid? Does payment equal acceptance for a workers comp policy? If its state specific the state is SC..
thanks

 

[scagnt83]

anyone??????????????

 

[VolAgent]

Bueller, Bueller?

 

[Air Jer]

The answer in my state is NO. I can't speak for SC. Work comp is a P & C product and this sounds like a life insurance question.

 

[Pantheon1]

The policy does not need to be delivery signed but payment does equal accpetance of the policy. However, a letter of assumption from another carrier trumps that and can render the first policy void.

 

[Guest]

Kinda of a dumb question.........

When did YOU bind the coverage? Thats when it was bound, wether you had a check or signatures.

Theorectically, (sp) if you verbally tell them it is bound and in effect, then it is now bound.....

Oh wow, I just looked, this thread is pretty old!