Estructura y Cláusulas de la PólizaPregunta 509 de 531
A binder in property and casualty insurance is:
a.Temporary evidence of coverage until the policy issues
b.A permanent replacement for the written policy form
c.A list of the exclusions that apply to the policy
d.A document that cancels the insured's coverage early
Explicación
A binder is a temporary agreement, oral or written, that provides immediate evidence of insurance coverage until the insurer issues the formal policy or declines the risk. It contains the essential terms so the insured is protected in the interim. A binder is not permanent; it is superseded once the actual policy is delivered or the coverage is formally declined.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- The part of an insurance policy that identifies the insured, the property or risk, the policy period, and the coverage limits is the:
- Subrogation is best defined as the insurer's right to:
- The part of a policy in which the insurer states what it promises to do in return for the premium is the:
- A homeowners form places the phrase residence premises in quotation marks every time it appears. That signals the phrase:
- Insurers write exclusions into a property policy chiefly in order to:
- An endorsement is attached to a policy and its wording conflicts with the printed form. The result is that:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos