Temporary insurance coverage prior to the issuance of the actual policy may be obtained by use of a(n) :

A) premium agreement.
B) coinsurance clause.
C) option clause.
D) binder.

Temporary Insurance

A limited-term coverage that provides immediate protection until a permanent insurance policy is issued or denied.

Actual Policy

The specific, enforceable terms and conditions of an insurance contract as it has been issued.

Binder

A binder is a temporary insurance agreement that provides coverage until a formal, permanent policy is issued, often used in property and casualty insurance scenarios.