is a document issued by a broker to an insured confirming that an insurance agreement has been concluded at its instruction. Insurance terms and conditions as well as premium rate are indicated in a covernote. An insurer shall not be legally responsible for a covernote issued by a broker. But, if a broker is negligent resulting in certain consequences, a covernote may be used by an insured as an evidence of broker’s guilt. Covernote is subject to replacement with a policy, since a covernote has no legal force.