§870.  Duration of binders

A "binder" is used to bind insurance temporarily pending the issuance of the policy.  No binder shall be valid beyond the issuance of the policy as to which it was given.

Acts 1958, No. 125.  Amended by Acts 1979, No. 173, §1; Redesignated from R.S. 22:631 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.