Credit Insurance: A receipt given by the agent for the initial premium paid by the applicant which states that the insured is covered as of the date of the receipt, on the condition that he or she is insurable as a standard risk.

Question

A receipt given by the agent for the initial premium paid by the applicant which states that the insured is covered as of the date of the receipt, on the condition that he or she is insurable as a standard risk.

Kelvin Alderman · Accepted Answer

Conditional Receipt

Credit Insurance

A receipt given by the agent for the initial premium paid by the applicant which states that the insured is covered as of the date of the receipt, on the condition that he or she is insurable as a standard risk.

Conditional Receipt

Author