Confirmation of Coverage Clause Samples
The Confirmation of Coverage clause serves to formally acknowledge and document that an insurance policy or similar coverage is in effect for a specified party or entity. Typically, this clause requires the insurer or provider to issue a written statement or certificate confirming the existence and terms of coverage, often including details such as policy limits, effective dates, and any relevant endorsements. Its core practical function is to provide assurance and proof to third parties—such as clients, lenders, or regulatory bodies—that adequate insurance or protection is in place, thereby reducing uncertainty and facilitating compliance or contractual obligations.
Confirmation of Coverage. This policy shall only provide coverage to an insured if they have paid the appropriate premium, and that they have a true and valid e-certificate or validation card confirming the coverage terms.
Confirmation of Coverage. This policy shall only provide coverage to an insured if they have paid the appropriate premium, and that they have a true and valid e-certificate or validation card confirming the coverage terms. A - Public liability Insured £2,000,000 any one occurrence with costs and expenses in addition. Excesses Claim Jurisdiction: Worldwide but excluding North America Territorial Limits: Worldwide but excluding North America
Confirmation of Coverage. (i) where coverage is clear and the expected loss does not exceed $500,000 net, confirm coverage for claims;
(ii) where expected loss exceeds $500,000 net, notify and consult with the Royal Insurer Affiliates regarding any coverage confirmation or commitment and promptly deliver to the Royal Insurer Affiliates and, simultaneously therewith, to the broker, agent, insured or insured's counsel, copies of any such coverage confirmation or commitment correspondence;
(iii) where coverage is not clear or is disputed, issue a reservation-of-rights letter and provide a copy of such letter to the Royal Insurer Affiliates;
(iv) where URC determines that no coverage exists, regardless of the amount of claimed or expected loss, obtain advance authority from the Royal Insurance Affiliates before formally declining coverage and URC shall provide to the Royal Insurance Affiliates and the insured (if not the claimant) a copy of any correspondence formally declining coverage; provided, however, that the Royal Insurer Affiliates shall provide to URC such advance authority no later than ten (10) Business Days following receipt thereof ; and
(v) where, in URC's best professional judgment, a coverage dispute exists or any new or novel coverage issue is raised, URC shall consult with the Royal Insurer Affiliates within five (5) days of URC first becoming aware of such dispute or new or novel coverage issue. The resolution of such dispute or such new or novel coverage issue shall be handled by the Royal Insurer Affiliates, although, if requested by the Royal Insurer Affiliates, URC will cooperate and participate fully in the handling of such disputes.