Conditional Binding Receipt

You shouldn't eat receipts. They're kind of like crackers, and if you eat a lot of them, you'll need to, um...balance things with prunes. Ah, the bindings that tie.

A conditional binding receipt is proof that the person named on the receipt is, in fact, insured from the date of the receipt. They have met the "conditions" of being insurred. The receipt is binding. It guarantees that the risk is accepted by the insurance company (as long as premiums are paid and current).

Why is this even a thing? Fraud. Lots of low-lifes do it to the poor, weak insurance industry and, well...someone has to have legal structures in place to look out for them.

Hi, Warren. We love you. Here's our GEICO premium for this month.