What is a bind premium?

InsuNews May 23, 2022

What is a bind premium?

A type of initial premium receipt that makes insurance coverage effective immediately, but only until the insurance company either rejects the application or approves it and issues a policy.

See also  Is Florida Blue the same as Blue Cross Blue Shield?

More Stories

What is TRICARE for Life WPS?

InsuNews May 23, 2022

Do spouses get TRICARE for Life?

InsuNews May 23, 2022

How do I verify TRICARE for Life?

InsuNews May 23, 2022

You may have missed

cea-california-earthquake-authority

CEA risk transfer shrinks 6% more to $7.99bn on non-renewals. To re-evaluate at 1/1

InsuNews November 29, 2024
Businessman standing on a step ladder, painting a graffiti art lightbulb on a wall

How to jazz up your mid-market submissions

InsuNews November 29, 2024
Understanding IRMAA: What You Need to Know for 2025

Understanding IRMAA: What You Need to Know for 2025

InsuNews November 29, 2024
Man looking out at misty mountain sunset

The guide to generative AI for insurance

InsuNews November 29, 2024
Best Cheap Landlord Insurance for Multiple Properties

Best Cheap Landlord Insurance for Multiple Properties

InsuNews November 29, 2024