What is an Affidavit?
An affidavit is a written statement of facts signed by the agent and/or insured. Affidavits are notarized. This means they are approved by a notary public or other public official appointed by a state government. These individuals have the authority to witness the signing of important documents and verify the identity of those signing it.
Understanding Affidavits
Affidavits are often required by the state. They help to minimize fraud and ensure the truth of the information listed on a document. They can summarize the effort made to find coverage with an admitted insured (diligent search). They can also describe the risks associated with SL/Non-Admitted carriers.
Related Terms
Diligent Search/Diligent Effort
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