A wants to insure his business property and contacts his insurance agent,who has agency contracts with a number of different insurance companies.The agent prepares a binder of insurance and sends it to A.A few days later,A receives the insurance policy.In this case,the contract is made

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An insurance contract is typically considered to be made when the insurance binder is issued, as it provides temporary coverage until the formal policy is issued.

A Wants to Insure His Business Property and Contacts His