Seasonal Resort Company applies for an insurance policy with Trustworthy Insurance Inc. through an agent who works for the insurer. The applicant pays the initial premium. The agent writes a binder, which
A) acknowledges the application and promises to consider it.
B) attests to the truth of each statement in the application
C) evidences receipt of the payment of the initial premium.
D) indicates that a policy is pending and states its essential terms.
Correct Answer:
Verified
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