Florida Health Insurance Terms:
"Conditional Premium Reciept"
A receipt that the sales agent gives to an applicant for insurance in exchange for the initial premium payment and that provides a proposed insured with temporary insurance coverage while the application is being underwritten.
Detailed information about Conditional Premium's: A receipt given to an applicant when a payment accompanies an application for insurance. If conditions of the conditional coverage are met, the receipt verifies the coverage will be in force from the date of application.
News Article: More About: "Conditional Premium Receipts"
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