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Question
Donald applies for a life insurance policy with Equity Insurance Company through Fletch, an agent who works for Equity. Donald pays the initial premium. Fletch writes a binder, whichA.acknowledges the application and promises to consider it.
B.attests to the truth of each statement in the application
C.evidences receipt of the payment of the initial premium.
D.indicates that a policy is pending and states its essential terms.
Answer
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