General Insurance Principles第 187 / 474 题
A producer binds homeowners coverage on Monday and the insurer declines the application on Friday. During those days the applicant was:
a.covered, but only if the first premium had been paid
b.uncovered, because no policy number had been issued yet
c.covered only for fire, the one peril a binder can grant
d.covered, because a binder is real coverage
解析
A binder is a temporary contract of insurance that runs until the policy is issued or the insurer gives notice that it will not write the risk, so the coverage in that gap is real. Waiting for a policy number confuses paperwork with the contract. A binder is not limited to one peril; it reflects the coverage applied for while underwriting is completed.
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同考点相关题目
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