Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?
Answer Details
Before the issuance of a certificate of insurance for a motor insurance contract, the insured is issued a document called a "cover note." A cover note is a temporary document that serves as proof of insurance coverage until the insurance policy is issued. It is issued immediately after the insurance contract is agreed upon, and it typically contains details such as the name of the insured, the type of insurance coverage, and the duration of the coverage. The cover note is issued as a temporary measure to ensure that the insured has some form of proof of insurance coverage while waiting for the official insurance policy certificate to be issued. Once the policy certificate is issued, the cover note becomes invalid, and the insured should keep the policy certificate as the official document that proves their insurance coverage.

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