T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date of the application or medical examination, whichver is later, provided that T is an acceptable risk. What item is given to T?

T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date of the application or medical examination, whichver is later, provided that T is an acceptable risk. What item is given to T?



Answer: Conditional receipt

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