temporary insurance

temporary insurance
Insurance according to the terms and conditions of a standard form of policy commencing upon application being made for a policy and continuing, subject to a limitation of reasonable time, until either the policy can be written or its issuance approved or disapproved by authorized representatives of the insurer, or some other temporary impediment to the complete and formal contract of insurance may be removed. 29 Am J Rev ed Ins § 205. A temporary contract of life insurance is usually in writing. It may take the form of a provisional policy, a rider attached to a policy, or a binding slip or receipt. It may also be made orally by an authorized agent or officer of the insurer. Anno: 2 ALR2d 952.

Ballentine's law dictionary. . 1998.

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