Temporary evidence of insurance until a policy is actually issued is provided by a(n)
A)binder.
B)brokerage agreement.
C)pre-approval form.
D)endorsement.

Question

Quizplus · Accepted Answer

A binder is a temporary document provided by an insurer that confirms that coverage will be provided until a policy is issued. Binders are typically issued when a policy is being underwritten and can be used to satisfy proof of insurance requirements. Brokerage agreements, pre-approval forms, and endorsements do not serve the same purpose as binders.

Temporary Evidence of Insurance Until a Policy Is Actually Issued