WHAT IS A COVER NOTE?

The regulation states that the broker's affidavit must be filed with a copy of the broker's cover note, declaration page or certificate. Such a certificate or endorsement must show the description and location of the subject of the insurance, coverage, conditions and term of the insurance, the premium and taxes collected from the insured, the name and address of the insured and insurer and must include the broker's ENDORSEMENT OF CONTRACT Stamp.