Health · Chapter 19 · Premium Receipts
Approval-Type Conditional Receipt
Definition
A far more restrictive conditional receipt: coverage is in force only after the insurer APPROVES the application — providing protection only between the approval/issue date and delivery. The legal system strongly opposes these receipts as overly restrictive, so insurers rarely use them today.
In plain English
No approval, no coverage — even if the premium was paid weeks ago. Courts hate it; companies mostly dropped it.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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