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In an oral or written contract places coverage into effect, verification would be provided through?

A. Binder
B. Certificate of Authority
C. Exclusions
D. Conditions

User Animus
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1 Answer

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Final answer:

Verification for an insurance contract that has been put into effect is usually provided through a Binder, which is a temporary agreement that gives proof of insurance until the official policy is prepared.

Step-by-step explanation:

When an oral or written contract places coverage into effect, verification would typically be provided through a Binder. A binder is a temporary insurance agreement, provided by an insurance agent or company, that serves as proof of insurance until a formal policy is issued. This binder will detail essential information about the coverage that has been agreed upon, including the terms, the type of insurance, and the limits of coverage.

User Anuya
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