Telegram Proposal Of Insurance


Definition of "Telegram proposal of insurance"

Jeffery   Wolfson  real estate agent
Jeffery Wolfson , Real Estate Agent EXP Realty

Binding contract for insurance completed by telegraph. The law has recognized the date an insurance agreement is made as the date that coverage commences, rather than the date stated on the insurance policy. Acceptance of a proposal by telegram, like a letter or an oral agreement, represents a binding contract.

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