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An Insurance Verification Letter is a crucial document in the Philippine business and regulatory environment, commonly required in various commercial and legal transactions. This document is typically requested when there's a need to prove insurance coverage to third parties such as banks, employers, contractors, or regulatory bodies. The letter must comply with the Insurance Code of the Philippines and relevant Insurance Commission regulations, containing specific details about the insurance policy, including but not limited to policy numbers, coverage periods, types of coverage, and limits. It serves as an official confirmation from the insurance provider about the status and details of an existing insurance policy, often required for business permits, loan applications, contract requirements, or regulatory compliance. The document plays a vital role in risk management and due diligence processes, particularly in commercial transactions where proof of insurance is mandatory.

1. Letter Header: Official letterhead, date, reference number, and recipient's complete contact information

2. Subject Line: Clear indication that this is an Insurance Verification Letter with relevant policy number

3. Policyholder Information: Full name, address, and identification details of the insured party

4. Policy Details: Policy number, type of coverage, effective dates, and current status of the policy

5. Coverage Information: Specific details of insurance coverage, including limits and any major terms

6. Verification Statement: Formal statement confirming the validity and active status of the insurance policy

7. Contact Information: Details of the insurance company representative who can be contacted for further verification

8. Signature Block: Authorized signatory details, position, and official company stamp