The Affidavit of Insurance Coverage is a crucial document in Philippine business and legal practice, required in various situations where formal proof of insurance coverage is necessary. This sworn statement, executed under oath before a notary public, is commonly used for regulatory compliance, business permits, government contracts, or commercial transactions. The document must comply with the Insurance Code of the Philippines (Republic Act No. 10607) and the Rules on Notarial Practice of 2004. It typically contains detailed information about the insurance policy, including coverage limits, validity periods, and compliance statements. The affidavit serves as a legally binding declaration that can be presented to government agencies, business partners, or other stakeholders requiring verification of insurance coverage.
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1. Title and Jurisdiction: Specifies the document as an Affidavit of Insurance Coverage and the jurisdiction (Philippines)
2. Affiant Information: Full legal name, age, citizenship, and address of the person making the sworn statement
3. Oath Declaration: Standard declaration that the affiant is making statements under oath
4. Insurance Policy Details: Essential information about the insurance policy including policy number, insurance company, type of coverage, and validity period
5. Coverage Specifications: Detailed description of what the insurance covers, including limits and key terms
6. Compliance Statement: Declaration that the insurance meets all required regulations and remains valid
7. Purpose Declaration: Statement explaining why the affidavit is being executed and its intended use
8. Verification and Certification: Final statement affirming the truth of all declarations
9. Jurat: Notarial section showing when and where the document was sworn to
1. Additional Insured Parties: Section listing any additional parties covered by the insurance policy, used when the policy covers multiple entities
2. Claims History: Statement about any past claims or lack thereof, included when relevant to the purpose of the affidavit
3. Premium Payment Status: Declaration of premium payment status, included when proof of active payment status is required
4. Specific Compliance Declarations: Additional statements about compliance with specific regulations or requirements, used when the affidavit is for a particular regulatory purpose
1. Copy of Insurance Policy: Certified true copy of the current insurance policy referenced in the affidavit
2. Certificate of Insurance: Official certificate from the insurance provider confirming current coverage
3. Premium Payment Receipts: Copies of recent premium payment receipts when payment status verification is required
4. Insurance Provider's Authorization: Letter or certificate from insurance provider authorizing the creation of this affidavit, if required
Relevant legal definitions
Clauses
Relevant Industries
Construction
Real Estate
Transportation and Logistics
Manufacturing
Healthcare
Financial Services
Professional Services
Retail
Energy
Maritime
Aviation
Education
Government Contracting
Industrial Services
Relevant Teams
Legal
Compliance
Risk Management
Operations
Facilities Management
Project Management
Finance
Procurement
Human Resources
Quality Assurance
Administrative Services
Corporate Governance
Relevant Roles
Risk Manager
Compliance Officer
Legal Counsel
Insurance Manager
Facilities Manager
Operations Director
Contract Administrator
Project Manager
Safety Officer
Business Development Manager
Corporate Secretary
Chief Financial Officer
Procurement Manager
Human Resources Director
Quality Assurance Manager
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