§ 942 - Binders and renewal endorsements; binders of insurance
§ 942. Binders and renewal endorsements; binders of insurance
An insurer authorized to issue automobile liability insurance may issue a binder, in lieu of a policy, and issue a renewal endorsement or evidence of renewal of an existing policy. Renewal endorsements and binders shall be deemed to include provisions in accordance with this subchapter, and in accordance with regulations of the commissioner in furtherance thereof. (1967, No. 374 (Adj. Sess.), § 2.)