A short document acknowledging receipt of an application and premium for an insurance policy is called a(n)

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A binder is a short-term agreement that provides temporary insurance coverage until the policy is issued. A binder acknowledges receipt of an application and premium for an insurance policy. A codicil is a legal document that modifies a previously executed will. A power of attorney is a legal document that authorizes someone to act on behalf of another person. A proxy is a document that allows someone to vote on behalf of another person.

A Short Document Acknowledging Receipt of an Application and Premium