Which of the following is legally used by the insured while the policy is being processed?
Answer Details
A cover note is legally used by the insured while the policy is being processed. A cover note is a temporary document issued by the insurance company that provides insurance coverage for a specified period until the actual insurance policy is issued. It serves as proof of insurance coverage until the policy is issued, and the insured can use it during this period while their policy is being processed. Once the insurance policy is issued, the cover note becomes invalid.