In a typical life insurance transaction where the applicant submits an application with the initial premium, who is considered to have made the offer?

Why this is the answer

In life insurance, who makes the offer depends on whether the initial premium accompanies the application. If the applicant submits the application together with the first premium, the applicant is the offeror; the insurer accepts by approving underwriting and issuing the policy as applied for. If the application is submitted without premium, the insurer's policy issuance is itself the offer, and acceptance occurs when the applicant pays the premium and accepts policy delivery. Per the Florida Agent's Health & Life Exam Content Outline §III.D.1.b.