The document used pending the issuance of certificate in motor insurance policy is

Assessment: WAEC SSCE - Insurance - 2018 (Objective) Subject: Insurance

Question 1 Report

The document used pending the issuance of certificate in motor insurance policy is

Answer Details
The document used pending the issuance of a certificate in a motor insurance policy is called a "cover note". A cover note is a temporary document that serves as proof of insurance coverage until the actual insurance policy certificate is issued. It is usually issued immediately after an individual or entity applies for a motor insurance policy, and it provides temporary insurance coverage for the vehicle during the period before the actual policy certificate is issued. The cover note contains important details about the insurance policy, such as the type of coverage, policy limits, and the insured party's name and address. It is valid for a short period of time, typically a few days to a few weeks, after which the actual insurance policy certificate is issued to the insured party. Overall, a cover note is an essential document in motor insurance policies as it provides temporary coverage while the actual policy certificate is being processed and issued.

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