Final answer:
The statement is false; while binding receipts provide temporary coverage, the start date of insurance can vary and is determined by the specific policy agreement.
Step-by-step explanation:
The statement that binding receipts always provide insurance that starts from the date of receipt is false. A binding receipt, also known as a temporary insurance agreement, provides temporary coverage between the time an insurance application is made and the time the policy is formally issued. However, the terms of when the coverage starts can vary depending on the insurance company and the specific policy agreement. Therefore, it is not accurate to assume that the insurance always starts from the date of the receipt without verifying the terms specified in the agreement.