The Insurance Law has corresponding provisions on this:

Article 13 An insurance contract is formed when the applicant requests insurance and the insurer agrees to underwrite it. The insurer shall issue an insurance policy or other insurance certificate to the applicant in time. An insurance contract established according to law shall take effect upon its establishment.

The applicant and the insurer may attach conditions or time limits to the validity of the contract. After the insurance contract is established, the applicant pays the insurance premium according to the agreement, and the insurer begins to assume the insurance liability according to the agreed time.

Extended data:

?

Relevant provisions of the Insurance Law:

Article 32 If the age of the insured declared by the applicant is not true, and its true age has not reached the age limit stipulated in the contract, the insurer may terminate the contract and return the cash value of the insurance policy according to the contract. The insurer exercises the right to terminate the contract.

The beneficiary of life insurance shall be designated by the insured or the applicant. The applicant must obtain the consent of the insured when designating the beneficiary. The applicant shall take out personal insurance for the workers who have labor relations with him, and shall not designate anyone other than the insured and his near relatives as the beneficiary.

Article 33? If the social insurance agency arbitrarily changes the base and rate of social insurance premium payment, resulting in underpayment or overpayment of social insurance premium, the social insurance administrative department shall order it to recover the social insurance premium that should be paid or refund the social insurance premium that should not be paid.

Baidu encyclopedia-insurance law