The temporary insurance certificate issued to the insured before drawing up a policy is a?
Answer Details
The temporary insurance certificate that is issued to an insured person before an actual policy is drawn up is called a "cover note."
It serves as proof that the person has applied for insurance coverage and that their application is being processed. The cover note is usually issued quickly, so the person can have some immediate protection until their policy is finalized.
Once the policy is ready, the cover note is replaced by the actual insurance policy document. So, the cover note is only temporary and does not provide long-term insurance coverage.