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Binder for State Farm Automobile Insurance Page 2 QUACH, AUSTIN 2020 FORD TRANSIT 350 MEDIUM ROOF Binder Effective Date: December 06, 2023 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY of Bloomington, Illinois, hereby binds coverage for the insurance applied for as of the requested effective date for a period of 60 days from such date, subject to all the terms and conditions of the applicable policy and endorsements in current use by such Company. Coverage under this binder will terminate (1) when the Declarations Page of a policy is issued to you or (2) when canceled in accordance with law. State Farm considers the representations you have made about the licensing and driving record(s) to be material. Any concealment or misrepresentation - whether fraudulent, intentional, or unintentional - about your driving record could result in State Farm's re-rating, cancellation, or rescission of your auto insurance policy. A rescission could result in your auto policy being void from its inception, as if no auto policy ever existed. For your protection California law requires the following to appear on this form: Any person who knowingly presents false or fraudulent information to obtain or amend insurance coverage or to make a claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison. Evidence of a valid US or Canadian license for all drivers in your household must be provided to State Farm within 12 months in order to continue coverage. IMPORTANT NOTICE: THE MINIMUM AUTO LIABILITY COVERAGE LIMITS REQUIRED UNDER CALIFORNIA LAW ARE $15,000 PER PERSON/ $30,000 PER ACCIDENT FOR BODILY INJURY AND $5,000 FOR PROPERTY DAMAGE. WE ARE LEGALLY REQUIRED TO FURNISH THESE LIMITS AND WILL, IF REQUESTED. DRIVING SAFETY RECORD RATING PLAN Your driving safety record, along with other rating factors, determines what you pay for liability, medical payments, comprehensive, collision, and uninsured motor vehicle coverages. Policyholders with no accidents and convictions pay less than those with accidents and convictions. The Driving Safety Record Rate Level that is assigned to your policy moves up, down, or stays the same every policy renewal, depending upon your driving record. If the policy is assigned to Rate Level 2 or higher, has been at the same level for 12 months, and has no chargeable accidents or convictions that have not been previously considered, the Rate Level is reduced by 1 level. The Rate Level is increased if there are subsequent chargeable accidents or convictions. A policy may qualify for our best(superior) rate level if all drivers assigned to the policy have had no chargeable accidents or convictions in the last 6 years. DEFINITION OF CHARGEABLE ACCIDENTS - Chargeable accidents for new business are those which resulted in death, or damage to any property in the amount of more than $1,000*. Chargeable accidents for renewal business are those for which State Farm paid more than $1,000* under the Property Damage Liability and Collision Coverages combined. *$150 or more if the accident occurred prior to December 11,2011. For more information about the rating plan, please contact your State Farm agent. You were offered Uninsured Motorist Property Damage Coverage. This policy does not include Uninsured Motorist Property Damage Coverage if you did not accept that offer. BINDERCA Continued on Page 3