Lamont applies for a health insurance policy with MedInsure, Inc., an insurance company, through Netta, an agent who works for MedInsure. Lamont pays the initial premium. Netta writes a binder, which

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A binder is a temporary insurance contract that provides coverage during the underwriting process. It indicates that a policy is pending and states its essential terms, such as the premium amount, coverage amount, and policy period. A binder does not attest to the truth of each statement in the application and does not promise to consider it. It does evidence receipt of the payment of the initial premium, but this is not its primary purpose.

Lamont Applies for a Health Insurance Policy with MedInsure, Inc