WAEC - Insurance (2017 - No. 8)
The reason for issuing certificate of motor insurance is that , it is
required by law for all motor policy holders
a general practice world wide
a support to policy document
a replacement for the policy
Explication
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.