Once you have found the right loan, you must fill out the collateral assignment form. Your insurer will be able to provide you with this form easily.To set up a collateral assignment, you must complete a form with your life insurance company naming the lender. Both you and the lender must sign this form. Contact the Insurer: Notify your insurance company of your intention to assign the policy. How to fill out the Assignment Policy Form for Life Insurance? 1. Identify the policy and the assignee details. 2. An AOB gives the third party authority to file a claim, make repair decisions, and collect insurance payments without the involvement of the homeowner. Office of Insurance Regulation 200 East Gaines Street Tallahassee, Florida 32399 (850) 413-3140