What happens if a TIA expires before the main policy is approved?

When a Temporary Insurance Agreement (TIA) expires before the main policy is approved, the applicant is no longer covered under any policy. A TIA serves as a temporary coverage option that provides limited insurance protection during the underwriting process of the main policy, but it is contingent on the main policy being issued.

If the TIA expires, it indicates that the temporary coverage is no longer in force because the underwriting has not been completed or finalized, meaning that there is no longer any insurance protection in effect. This scenario demonstrates the importance of completing the underwriting process in a timely manner to avoid gaps in coverage.

In this context, there are limitations on the other options provided. For instance, automatic refunds may not be applicable since coverage has ceased rather than a transaction malfunction occurring. Similarly, renewing the TIA without additional underwriting is not possible once it has expired, and the main policy will not be underwritten after the TIA's expiration as it lacks valid temporary coverage to bridge that time.