Insurance WAEC

The reason for issuing a certificate of motor insurance is that, it is?

A. required by law for all motor policyholders
B. a general practice worldwide
C. a support to policy document
D. a replacement for the policy

Correct Answer: Option A

A. required by law for all motor policyholders

Explanation

Of all the documentation issued by motor insurers, the Certificate of Motor Insurance stands alone as the most important document. Its primary purpose is to provide evidence that at least the minimum level of insurance cover required by the Road Traffic Act is in place on a given vehicle.

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