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JAMB Commerce 2002 Question 21

Question 21

Insurance

The temporary insurance certificate issued to the insured before drawing up a policy is a

  1. A.cover note
  2. B.testimonial
  3. C.time policy
  4. D.proposal form.
Show the answer and explanation

Answer: A (cover note)

Explanation

A cover note gives temporary cover until the full policy document is ready.