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Confirmation Of Insurance Letter for Philippines

Confirmation Of Insurance Letter Template for Philippines

A Confirmation of Insurance Letter is an official document issued under Philippine insurance law that serves as formal verification of active insurance coverage. The document confirms the existence, terms, and validity of an insurance policy, including specific details such as coverage limits, policy period, and named insureds. Governed by the Insurance Code of the Philippines and regulated by the Insurance Commission, this document plays a crucial role in business transactions, loan processing, and contract compliance requirements. It provides third parties with assurance that appropriate insurance coverage is in place and meets specified requirements.

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What is a Confirmation Of Insurance Letter?

The Confirmation of Insurance Letter is a essential document in Philippine business and legal practice, typically required when proof of insurance coverage needs to be provided to third parties. This document is commonly requested during property leasing, loan applications, contract bidding, or when entering into business agreements where insurance verification is necessary. The letter, governed by Philippine insurance regulations, includes critical information such as policy numbers, coverage types, limits, effective dates, and named insureds. Insurance companies or authorized representatives issue these letters to confirm that a policy is active and in good standing. The document serves as official verification without disclosing all policy details, making it a convenient and widely accepted form of proof of insurance.

What sections should be included in a Confirmation Of Insurance Letter?

1. Letter Header: Insurance company's letterhead, date, reference number, and recipient's details

2. Subject Line: Clear indication that this is a Confirmation of Insurance

3. Policy Holder Information: Full name and address of the insured party

4. Policy Details: Policy number, type of coverage, and period of insurance

5. Coverage Summary: Key details of what is covered and the coverage limits

6. Premium Status: Confirmation that premiums are paid and policy is in force

7. Authorized Signature: Signature block with name and title of authorized insurance representative

What sections are optional to include in a Confirmation Of Insurance Letter?

1. Additional Insured Parties: Include when there are other parties named on the policy

2. Special Conditions: Any specific conditions or exclusions that are particularly relevant to the recipient

3. Claims Contact Information: Include when specifically requested or when letter is for claims-related purposes

4. Policy Restrictions: Include when there are significant limitations that should be highlighted

5. Broker Details: Include when the insurance was arranged through a broker

What schedules should be included in a Confirmation Of Insurance Letter?

1. Schedule of Coverage: Detailed breakdown of coverage limits and sub-limits, if extensive

2. Schedule of Insured Locations: List of covered locations if multiple properties are insured

3. Schedule of Named Insureds: Complete list of all insured parties if multiple parties are covered

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions




















Clauses














Relevant Industries

Real Estate

Construction

Banking and Finance

Manufacturing

Transportation

Healthcare

Retail

Agriculture

Education

Hospitality

Maritime

Energy

Technology

Professional Services

Relevant Teams

Legal

Risk Management

Compliance

Finance

Operations

Procurement

Facilities Management

Property Management

Contract Administration

Insurance

Claims

Business Development

Relevant Roles

Risk Manager

Insurance Broker

Compliance Officer

Property Manager

Facility Manager

Contract Administrator

Legal Counsel

Chief Financial Officer

Procurement Manager

Operations Manager

Project Manager

Insurance Underwriter

Claims Manager

Business Development Manager

Company Secretary

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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