A temporary insurance agreement that provides coverage from the date of application is called a:

A temporary insurance agreement that provides coverage from the date of application is known as a conditional receipt. This type of receipt outlines that the insurance company agrees to provide coverage as long as certain conditions are met, such as the applicant being insurable under the company's underwriting guidelines.

The conditional receipt is particularly important because it ensures that the applicant has some level of coverage right away, even before the formal policy has been issued. Typically, this kind of receipt will specify that if the applicant is found to be insurable when the application is formally processed, coverage will be effective from the application date.

In contrast, a binding receipt provides immediate, unconditional coverage that cannot be altered or rescinded if the application is later denied based on the underwriting decision. A temporary certificate and an interim binder may serve similar purposes but are generally terms that refer to specific situations or additional agreements rather than the established practice of providing immediate, conditional coverage as defined by a conditional receipt.