binding receipt — or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the… … Black's law dictionary
binding receipt — or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the… … Black's law dictionary
binding receipt or slip — Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the applicant… … Black's law dictionary
binding receipt or slip — Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the applicant… … Black's law dictionary
Conditional Binding Receipt — A receipt involved in life, health and certain property insurance contracts; if the insured is deemed to be covered by the insurer, the coverage begins on the date the insured receives the conditional binding receipt. Typically, a premium payment … Investment dictionary
binding — adj 1: imposing a legal obligation the agreement is binding on the parties 2: requiring submission to a specified authority the suppression order was binding on the Department of Transportation National Law Journal Merriam Webster’s Dictionary of … Law dictionary
binding slip — binding receipt or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to… … Black's law dictionary
binding slip — binding receipt or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to… … Black's law dictionary
conditional binding receipt — A term familiar in the law of life insurance, which means temporary coverage upon condition of the ultimate approval of the application. 29 Am J Rev ed Ins §§ 208, 209 … Ballentine's law dictionary
conditional receipt — See conditional binding receipt … Ballentine's law dictionary