What is the latest date by which a dealership must notify the Motor Insurance Database of newly delivered cars on February 1st?

Prepare for the CII Certificate in Insurance - Motor Insurance Products (IF5) Exam. Dive into detailed questions and explore insightful explanations to boost your understanding. Excel in your exam preparation process.

The correct answer is February 15th because dealerships are required to notify the Motor Insurance Database (MID) about newly delivered vehicles within a specified timeframe. This timeframe is generally 14 days from the date a vehicle is delivered. Therefore, if a car is delivered on February 1st, counting 14 days leads to February 15th as the last possible date for making that notification. This is crucial for ensuring that vehicle insurance details are accurate and up to date, enabling better tracking of insured vehicles.

While other dates may seem plausible, they extend beyond the regulatory requirement of 14 days, which is clearly established for the proper functioning of the insurance and vehicle registration framework. Hence, February 15th represents compliance with these requirements.

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