K is an agent who takes an application for individual life insurance and accepts a check from the client. He submits the application and check to the insurance company, however the check was never signed by the applicant. If the application is approved, when will coverage be effective? • The date the sales appointment was made • The date the application was submitted to the insurance company • The date of application • The date the agent delivered the policy, collected the initial premium, and obtained a good health statement from the insured