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

Insurance
WAEC 2016

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
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Correct Answer: Option B
Explanation

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


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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