Are you looking for the correct answer to the question “What is the difference between a conditional premium receipt and a binding premium receipt?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
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
Answer: C.Only a binding receipt always provides insurance that is effective from the date receipt is given
The above question What is the difference between a conditional premium receipt and a binding premium receipt?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
