Insurance WAEC

A document used to alter the information contained in the schedule of a policy is?

A. slip
B. endorsement
C. cover note
D. policy form

Correct Answer: Option B

B. endorsement

Explanation

An insurance endorsement is an amendment or addition to an existing insurance contract that changes the terms or scope of the original policy. Endorsements may also be referred to as riders. An insurance endorsement may be used to add, delete, exclude or otherwise alter coverage.

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