What is the difference between a conditional premium receipt and a - ProProfs Discuss
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What is the difference between a conditional premium receipt and a binding premium receipt?



A. The applicant Must be insurable in order to have coverage only under the binding receipt
B. Only a conditional receipt always provides insurance that is effective from the date the receipt is given
C. Only a binding receipt always provides insurance that is effective from the date receipt is given
D. Premiums Must be paid to receive only a conditional receipt

This question is part of Life & Health - Practice Exam 6
Asked by Marilyn_difo, Last updated: Jan 06, 2020

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Marilyn_difo

Marilyn_difo

Answered Mar 07, 2018

Only a binding receipt always provides insurance that is effective from the date receipt is given
 

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