Ace the Florida Life & Health Insurance Test 2026 – Dive In and Secure Your Success!

A conditional receipt is given to an applicant when an insurer is bound to coverage as of the date of application or medical exam.

An insurance policy is actually issued after the underwriting process is completed and coverage is approved. A premium bill is a statement of the amount owed for insurance coverage and is typically sent after a policy is issued. A coverage summary may be provided by the agent or insurer, but it is not a legally binding document like a conditional receipt.