Florida Health Insurance Terms:
Please Define:
"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"