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A no loss letter, also known as a statement of no loss, serves as a legal agreement between the policyholder and the insurer, and confirms that the policyholder had no losses or claims during the lapse period.
A no loss letter, also known as a statement of no loss, serves as a legal agreement between the policyholder and the insurer, and confirms that the policyholder had no losses or claims during the lapse period.
A no loss statement is a letter that states you haven't don't have any current losses or damages that could lead to claims. You may be asked to submit a no loss statement if your policy lapsed or was canceled or if you applied for coverage during a moratorium.
A no-loss statement is a statement signed by you in which you represent and promise that you have not had any loss or claim (either liability or property damage) between the time your policy canceled and the time you're applying for reinstatement (your lapse period).
A statement of no loss is a signed letter that states you haven't experienced any losses that could lead to claims.
Definition : no known loss letter. Original URL : Tags : NKLL.