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WAEC Commerce 1994 Question 16

Question 16

Insurance

Which of the following gives a temporary protection to the insured while the policy is being drawn up?

  1. A.Proposal form
  2. B.Cover note
  3. C.Endorsement
  4. D.Ex gratia payment
  5. E.Certificate
Show the answer and explanation

Answer: B (Cover note)

Explanation

A cover note gives temporary cover until the policy is issued.