TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CONDITIONAL PREMIUM RECEIPT [1 record]

Record 1 2001-01-16

English

Subject field(s)
  • Life Insurance
  • Health Insurance
DEF

Conditional binding receipt: In Life and Health Insurance, the more exact terminology for what is often called "binding receipt". It provides that if premium settlement accompanies the application, the coverage will be in force from the date of application ... provided the insurer would have issued the coverage on the basis of facts revealed on the application, medical examination, and other usual sources of underwriting information.

French

Domaine(s)
  • Assurance sur la vie
  • Assurance-maladie
DEF

Note de couverture : Document par lequel un assureur accorde sa garantie, moyennant le versement de la première prime ou d'une provision, en attendant que la police soit établie.

CONT

L'effet de la note de couverture varie suivant les hypothèses. Tantôt elle est la constatation provisoire d'un contrat définitif [...] Tantôt la note de couverture constate simplement un accord provisoire, d'une durée limitée, réalisé le plus souvent par l'agent, en attendant la réponse que l'assureur fera à la proposition de l'assuré [...]

Spanish

Campo(s) temático(s)
  • Seguro de vida
  • Seguro médico
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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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