Binder or Certificate of Insurance

{
  "id": "MLC-T-INS-000022",
  "term": "Binder or Certificate of Insurance",
  "field": "Insurance and risk management",
  "definition": "A temporary agreement between company, agent/producer and insured that the policy is in effect. The NFIP does not recognize binders. However, for informational purposes only, the NFIP recognizes Certificates of Insurance and similar forms for renewal policies.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/binder-or-certificate-of-insurance/"
}