All of the following are true about casualty insurance binders of coverage EXCEPT:

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All of the following are true about casualty insurance binders of coverage EXCEPT:

A.A mortgage company is required to accept the renewal of a binder

B.Binders must contain all the provisions of the standard fire policy

C.Binders are valid only for a specified period of time

D.Binders may be oral or in writing

Answer: A.A mortgage company is required to accept the renewal of a binder

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