satisfaction note

English

Noun

satisfaction note (plural satisfaction notes)

1. (insurance) A document in which the claimant confirms that the insurer-funded repairs to his/her vehicle are satisfactory.
   • 2004, Robert M. Merkin, Jeremy Stuart-Smith, The Law of Motor Insurance, page 182:

     The same result was reached in Brown & Davis Ltd v Galbraith, and it was held to be irrelevant to the outcome that the assured had signed a satisfaction note confirming the suitability of the repairs […]

   • 2008, Shashidharan K. Kutty, Managing Life Insurance:

     The repairer is paid on receipt of the final bill and a satisfaction note from the insured.