A short document acknowledging receipt of an application and premium for an insurance policy is called...

A short document acknowledging receipt of an application and premium for an insurance policy is called a(n):

A. Power of attorney

B. Codicil

C. Proxy

D. Binder

Solutions

Expert Solution

The correct answer is option D.

Written binder is a legal agreement that is issued by agent or an insurer that serve as a evidence that insurance will be issued to the insurer.

keosha answered 1 year ago

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