What Does Conditional Binding Receipt Mean?

Free Business Insurance Quote Click Here
What does Conditional Binding Receipt mean? Read on to discover the definition & meaning of the term Conditional Binding Receipt - to help you better understand the language used in insurance policies.

Conditional Binding Receipt

Conditional Binding Receipt

A receipt in life insurance that guarantees that if the risk is accepted, the named insured is insured from the date of issuance of the receipt.

We hope the you have a better understanding of the meaning of Conditional Binding Receipt.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here