The purpose of a binder is to

a. Guarantee that an insurance policy will be issued provided the insured has made no misrepresentations on the application

b. Provide the insurance company with the information about the insured required to decide whether or not to issue the policy

c. Eliminate the need for the policy to be countersigned when it is issued

d. Provide temporary protection for the insured between the time the application is made and the policy is issued or the binder expires

Answer: d. Provide temporary protection for the insured between the time the application is made and the policy is issued or the binder expires