Assertion: binder | /r/AtLocation | effect
Facets:
value: no longer
type: TEMPORAL
Source sentences:
text: Once the binder is in effect, it is deemed to include all of the terms of the policy to which the binder was given, and has the same effect as the policy.
text: Once a formal policy is issued, the binder is no longer in effect, and therefore it is the lenders decision of whether or not to accept a binder as evidence of insurance.
text: Therefore, a binder is only in effect until a policy is written.