Document Workflow - Cancellation Confirmation #1Online version Document Workflow - Cancellation Confirmation #1 by Marble Box 1 Policy Number 2 Effective date of cancellation 3 Insured's name and mailing address 4 Reason for cancellation 5 Notice Date 6 Transaction type 7 Type of Policy 8 Writing Carrier 9 Agency 10 Property Address Explanation 1 It helps insurers, agents, and customers quickly access policy details, make changes, or file claims 2 Coverage stops on this date, and the insurer is no longer liable for any claims made after it. It finalizes the cancellation process. 3 It ensures the cancellation details reach the correct person at the correct location 4 Common reasons include non-payment, insured’s request, property sold, or policy replaced. It helps clarify the cause of termination for records. 5 It indicates when the policyholder was informed about the policy's cancellation. 6 Transaction type indicates new business, renewal, cancellation, endorsement, or reinstatement. It helps track policy changes and updates in the system throughout the policy lifecycle 7 It defines what risks are insured and sets the terms, limits, and conditions of protection for the insured 8 It’s the licensed insurer whose name appears on the contract 9 Agency helps customers choose coverage, issue policies, and provide service, but don’t usually pay claims themselves 10 Physical location is where the risk is located and may differ from the mailing address. This location is key for rating and underwriting decisions.
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