Meaning Conditional receipt
What does Conditional receipt mean? Here you find 9 meanings of the word Conditional receipt. You can also add a definition of Conditional receipt yourself
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Conditional receiptA premium receipt given to an applicant that makes a life and health insurance policy effective only if or when a specified condition is met.
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Conditional receiptDefinition Proof of an interim contract, which forces a health or life insurance company to pay out benefits as long as an adequate application and a premium were received.
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Conditional receiptGiven to policy owners when they pay a premium at the time of the application. These receipts bind the insurance company, provided your policy is approved, but are subject to any other conditions stated on the receipt.
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Conditional receiptA receipt given for premium payments accompanying an application for insurance. If the application is approved as applied for, the coverage is effective as of the date of the prepayment or the date on [..]
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Conditional receiptAn insurance premium receipt that specifies conditions the applicant must first satisfy before the insurance company will accept the applicant for coverage. If the applicant meets the conditions, the coverage becomes effective as of the date on the receipt.
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Conditional receiptGiven to policy owners when they pay a premium at the time of the application. These receipts bind the insurance company, provided your policy is approved, but are subject to any other conditions stated on the receipt.
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Conditional receiptA policy owner can submit a payment along with their application. This provides “conditional” coverage during the underwriting process. If the applicant dies during the underwriting process, the insur [..]
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Conditional receiptA receipt given for premium payments accompanying an application for insurance. If the application is approved as applied for, the coverage is effective as of the date of the prepayment or the date on [..]
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Conditional receiptThis allows you to bind your life insurance coverage by submitting your first two months premiums with your life insurance application and medical exam.
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