An insurer may elect to apply the premium reduction beginning either with the last effective date of the policy, the certification date (in which case the premium reduction would be pro-rata), or the next renewal date of the policy; provided, however, that the reduction will be applicable for a full three year period. (dfs.ny.gov)
New effective dates of policies adopted by the NAR Board of Directors to ensure timely implementation of new initiatives (realtormag.realtor.org)
This may also be the effective date of the policy. (quickquote.com)