A written acknowledgment that an insurer has received the initial premium submitted with an application for insurance. A premium receipt typically provides the proposed insured with some type of temporary insurance coverage while the application for insurance is being underwritten. See also temporary insurance agreement.

An acknowledgement that a premium has been received.

A receipt that the sales agent gives to an applicant for insurance in exchange for the initial premium payment and that provides a proposed insured with temporary insurance coverage while the application is being underwritten. See also binding premium receipt and conditional premium receipt.