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A binder is poduced when the insurance is in force. Not sure what you would be asking here. 4lifeguild

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βˆ™ 2006-09-13 12:09:36
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Q: What are the legal ramifications of offering a policy through a binder?
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The universal rule of policy ambiguity states?

once a policy is binder by the agent, the client may not change the conditions of policy


Who is binder in insurance?

What not who. A binder is like a receipt that shows interested parties that insurance is in force when a policy has not yet been delivered. 4LifeGuild


What has the author Paul Binder written?

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What are the ramifications for a mother who lets her adult son drive her insured vehicle In other words how will it affect her if he is at fault in an accident which causes a great deal of damage?

typcially all insurance stays with the car...meaning whomever is driving your vehicle (with your permission, and subject to any exclusions your policy may have)....is insured under the policy if they have an at fault accident, it affects THAT VEHICLE policy regardless of who is driving...so the ramifications are your son has an accident that is his fault...your policy is subject to increase, non renewal etc.


What is the difference between insurance binder and insurance dec page?

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What was the Truman doctrine of the late was?

the U.S. policy of offering aid to countries threatened by communism.


Can you make a claim on a insurance binder?

If you have applied for insurance and paid a premium, you are essentially insured if you have been given a binder. In life insurance if the applicant dies before the policy can be issued, you would file a claim as if it had. The claim would be processed and if the applicant is found to be insurable had he still been alive, the claim would proceed as if he already had a policy in force before he died.


What are the ramifications of the one child policy?

The one child policy resulted in many children being placed for adoption. Many families, preferring sons, would get rid of any daughters that were born so their one child would be male.


What was the Truman doctrine of late 1940's?

the U.S. policy of offering aid to countries threatened by communism.


The policy of offering military and economic aid to any nation attempting to fight off a communist takeover?

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