Which of the following statements about the Event Insurance Checklist is true?

The statement indicating that the Event Insurance Checklist must be submitted at least 21 days before the event is true because it is essential for ensuring that all necessary insurance and liability coverage arrangements are in place well in advance of the actual event. This timeline allows for appropriate processing, approval, and adjustments, ensuring that all participants and organizers are protected and that the event complies with any legal or organizational requirements. Submitting the checklist early helps prevent last-minute issues that could jeopardize the event's execution or safety.