Page 197 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

evidencing the contract of insurance. It includes
the terms and conditions of the insurance cover.

(v) Endorsements- Endorsements are attached to
the policy to incorporate changes in the terms
of the Policy. It may be attached at the time of
issuing the policy to provide additional benefits
and cover or to impose restrictions. The
wordings of the Endorsements are provided in
the Tariff.

(vi) Renewal Notice - The Renewal Notice is
reminder to the insured about the expiry of the
policy and calling for the renewal for a further
period of one year. While renewing the insurance
some insurers issue the Renewal Receipt in place
of the Policy. It is worded to the effect that, in
consideration of receipt of the renewal premium,
the Policy is renewed for a further period of 12
months.

Q 2. What are the questions commonly asked in Motor
Ans. Proposal form?
Proposal Form -The Proposal Form is compulsory in
Motor Insurance. It is designed to elicit information
necessary for a proper evaluation of the risk and for
rating. The information/particulars given by the insured

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