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 Binding Receipt

 
When you submit an application for health insurance and include an initial payment, the health insurance company may provide you with a binding receipt. A binding receipt indicates that, if coverage is approved, the health insurance company is required to initiate coverage from the date on which payment was received.

Insurance companies reserve the right to change the terms of a policy after properly notifying you. Please note that definitions of certain terms may vary across insurance companies.

 
 
 
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