binding slip


binding slip
binding receipt or slip
Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the'ascertainment of the company's willingness to assume the burden of the proposed risk, the effect of which is to protect the applicant until the company acts upon the application, and, if it declines to accept the burden, the binding effect of the slip ceases eo instante.
See binder

Black's law dictionary. . 1990.

Look at other dictionaries:

  • binding slip — binding receipt or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to… …   Black's law dictionary

  • binding slip — See binder …   Ballentine's law dictionary

  • slip — A landing for a ferry. A place for mooring a vessel. 48 Am J1st Ship § 263. A rider attached to a contract, particularly a contract of insurance. 29 Am J Rev ed Ins § 268. A memorandum constituting a contract in itself, as a binding slip. A… …   Ballentine's law dictionary

  • Slip-stitch knitting — is a family of knitting techniques that use slip stitches to make multiple fabrics simultaneously, to make extra long stitches, and/or to carry over colors from an earlier row. Contents 1 Basic methods 2 Double knitting with slip stitches 3… …   Wikipedia

  • binding receipt or slip — Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the applicant… …   Black's law dictionary

  • binding receipt or slip — Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the applicant… …   Black's law dictionary

  • binding receipt — or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the… …   Black's law dictionary

  • binding receipt — or slip Term refers to a limited acceptance of an application for insurance given by an authorized agent pending the ascertainment of the company s willingness to assume the burden of the proposed risk, the effect of which is to protect the… …   Black's law dictionary

  • Nuclear binding energy — is the energy required to split a nucleus of an atom into its component parts. The component parts are neutrons and protons, which are collectively called nucleons. If the binding energy for the products is higher when light nuclei fuse, or when… …   Wikipedia

  • binder — Said to be synonymous with insurance policy. Red Cab Co. v St. Paul Mercury Indem. Co. (CA7 Ind) 98 F2d 189; but better defined as a written instrument, sometimes called a binding slip or interim receipt, used when an insurance policy cannot be… …   Ballentine's law dictionary