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Jane works for ABC Insurance Company. She is issuing a personal lines policy for her client as per the proposal form. The policy is a
Jane works for ABC Insurance Company. She is issuing a personal lines policy for her client as per the proposal form. The policy is a scheme policy, which has been designed for many clients and covers the following: the house for the replacement value of R; the household contents for an amount of R; the minimum unspecified all risks amount of R; an engagement ring for an amount of R; personal liability insurance for R; and a VW Golf, which has a retail value of R Jane wants to know which SASRIA coupons will be issued by the insurer and when this will happen. How would you answer her?
Select one:
a
ABC Insurers will issue both a Material Damage coupon and a Motor Coupon. They will do this immediately when the policy is issued.
b
ABC Insurers will issue a Material Damage coupon only, which will detail the total aggregate sum insured and the number of policies listed.
c
ABC Insurers will issue a Material Damage coupon only. They will do this immediately when the policy is issued.
d
ABC Insurers will only issue one Material Damage coupon and one Motor coupon per month, which detail the total aggregate sum insured and the number of policies listed.
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