Cover Note
Definition of "Cover note"
Statement made by agent or broker in written form attesting to the insured that the insurance policy is in effect. This statement is prepared by the agent or broker, unlike the binder, which is prepared by the insurance company (insurer).
Popular Insurance Terms
Coverage purchased by employers in order to limit their exposure under self insurance medical plans. This coverage is available in two types: Specific stop loss Coverage is initiated when a ...
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Coverage provided for individuals or businesses for loss due to forgery or alteration of such financial instruments as notes, checks, drafts, and promissory notes. ...
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