Question

What is the purpose of a cover note in insurance?

a.

To serve as a formal policy document

b.

To provide evidence of the contract of insurance

c.

To confirm protection under the policy on a provisional basis

d.

To replace the need for a policy document

Answer: (c).To confirm protection under the policy on a provisional basis Explanation:A cover note is issued to confirm protection under the policy on a provisional basis, particularly when the policy is not yet issued.

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Q. What is the purpose of a cover note in insurance?

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