Attorneys obtained summary judgment in favor of an insurance company in a case where the issue involved the inception date of the policy of insurance. The insured asserted that coverage was effective as of the date of payment to the retail broker. Defendant asserted that coverage did not begin until the date referenced in the binder. The court held as a matter of law that coverage did not exist on the date of the underlying incident, which occurred subsequent to payment to the retail broker but prior to the date of inception referenced in the binder.