The conditional binder provides coverage immediately, even if the applicant is later found to be an unacceptable policyholder and coverage is canceled at that point.

Question

Quizplus · Accepted Answer

A conditional binder provides temporary coverage only if certain conditions are met, and if the applicant is later found to be unacceptable, the coverage may not have been valid from the start.

The Conditional Binder Provides Coverage Immediately, Even If the Applicant