Proof of an interim contract, which forces a health or life insurance company to pay out benefits as long as an adequate application and a premium were received.
Related information about conditional receipt:
- Conditional Receipt
Definition of "Conditional Receipt". A receipt given for premium payment accompanying an application for insurance. If the application is approved as applied for, ...
- Conditional Receipt: Definition from Answers.com
Conditional Receipt Evidence of a temporary contract obliging a life or health insurance company to provide coverage as long as a premium accompanies an.
- Conditional Binding Receipt Definition | Investopedia
... the insured to obtain the receipt. This may also be called a "conditional receipt" or a "binding receipt" depending on the type of insurance. Investopedia Says ...
- What is conditional premium receipt? definition and meaning
It makes the policy in force before the policy documents are issued, provided the applicant meets all requirements. Also called conditional receipt.
- What Is a Conditional Life Insurance Receipt? | eHow.com
If you apply for a life insurance policy, fill out your application truthfully and give the agent money for the premium, you receive a conditional receipt for the policy.
- What Is A Conditional Life Insurance Receipt? | LIVESTRONG.COM
Jan 22, 2010 ... A conditional receipt is what you get when you send in an application for life insurance along with an initial premium payment. It provides for ...
- LIFE CONDITIONAL RECEIPT - National Slovak Society
Provided the following conditions are met, exactly, the insurance applied for will be effective on the later of: (1) the date of application, or (2) the last date of any ...
- Financial Security Associates: TIA vs Conditional Receipt
Temporary Insurance Agreement: This is a receipt for premiums received with a term or permanent life insurance application, which provides temporary ...