Proof of a temporary contract, which forces a property insurance company to provide coverage, provided that a premium is paid with the application.
Related information about binding receipt:
- Binding receipt - Merriam-Webster Online
a receipt given to an applicant for life insurance when he signs the application and pays his first premium stipulating that the insurance shall go into effect ...
- Conditional Binding Receipt Definition | Investopedia
A receipt involved in life, health and certain property insurance contracts; if the insured is deemed to be covered by the insurer, the coverage begins on the date ...
- Binding Receipt: Definition from Answers.com
Binding Receipt Evidence of a temporary contract obliging a property insurance company to provide coverage as long as the premium accompanies the ...
- conditional binding receipt - Insurance Glossary
conditional binding receipt - A receipt in life insurance that guarantees that if the risk is accepted, the named insured is insured from the date of issuance of the ...
- What is binding receipt? definition and meaning
Definition of binding receipt: Proof of a temporary contract, which forces a property insurance company to provide coverage, provided that a premium is paid with ...
- Binding Receipt (Health Care) Law & Legal Definition
Binding receipt is a receipt given for a premium payment that binds a company to make the policy effective from the date of receipt. It is usually accompanied with ...
- What is BINDING RECEIPT? - The Law Dictionary
Definition of BINDING RECEIPT: A temporary contract that makes an insurance company give coverage. The premium will be paid when the insurance is given.
- Binding Receipt - state national fire insurance company
SNF-0003R-LA. Binding Receipt. State National Fire Insurance. Home Office: Baton Rouge, Louisiana. Administrative Service Office. 630 Village Lane North ...