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Habib intends to insure his motor vehicle with The CIC Insurance company. What procedure would he follow to take the policy?

      

Outline the procedure that Habib would follow to take the above policy.

  

Answers


Maurice
(i) The insured fills in proposal form.

(ii) The insurer determines premiums to be paid.

(iii) The insured then pays the firm premium.

(iv) The insurer then issues cover note (binder) to the insured.

(v) The insured then issues policy to be insured 30 days from payment of first premium.
maurice.mutuku answered the question on July 19, 2017 at 05:36


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