An endorsement found in an insurance plan which modifies the provisions of the policy is called?

Social Studies

1 answer:

AfilCa [17]1 year ago

7 0

An endorsement found in an insurance plan which modifies the provisions of the policy is called rider

<h3>What’s an insurance endorsement?</h3>

An endorsement is a term used to denote a policy document update. An endorsement is often known as a "Addendum."
Its goal is to document any changes to the initial terms of the insurance in order to reflect the parties' negotiated agreement.
An endorsement can be linked to the policy or contained in the policy statement, usually near the end.
It can be used to amend the terms of a conventional policy, in which case it will be attached from the start of the cover

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