What does a policy term represent?

A policy term represents the duration during which an insurance policy is active and provides coverage to the insured. This period begins on the effective date of the policy and typically ends on the expiration date, or end date. The choice that states the time from the submission date to the end date accurately captures this concept by indicating that the policy term encompasses the entire duration of coverage granted by the policy, regardless of the submission date.

The effective date is the starting point of coverage, but the policy term extends beyond just that date to include the entire active duration until the policy is either renewed or terminated. A policy's renewal period is related but distinct, referring specifically to the period after the initial term if the policy is continued. Therefore, it is important to differentiate between the overall policy term and the renewal of that coverage, which the correct answer does accurately.