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The Confirmation of Insurance Coverage Letter is a crucial document in Nigerian business operations, serving as official proof of insurance coverage for various stakeholders. This document is typically required when entities need to verify insurance coverage for regulatory compliance, contractual requirements, or business transactions. It provides essential information including policy details, coverage limits, validity period, and premium status, all while adhering to Nigerian insurance regulations and NAICOM guidelines. The letter is particularly important in scenarios such as loan applications, lease agreements, government contracts, or business partnerships where proof of insurance is mandatory. Insurance companies issue these letters upon request from policyholders or authorized third parties, ensuring all parties have documented evidence of insurance coverage and compliance with relevant Nigerian insurance laws.

1. Letterhead and Date: Insurance company's official letterhead including company registration details, NAICOM license number, and current date

2. Recipient Details: Full name and address of the person or organization requesting confirmation of coverage

3. Subject Line: Clear indication that this is a Confirmation of Insurance Coverage Letter with relevant policy number

4. Policy Holder Information: Complete details of the insured party including full name, address, and any relevant identification numbers

5. Policy Details: Specific information about the insurance policy including policy number, type of coverage, and period of coverage

6. Coverage Summary: Brief description of what is covered under the policy and the coverage limits

7. Premium Status: Confirmation that premiums are current and paid up to date

8. Closing Statement: Standard closing confirming the validity of the information provided

9. Authorized Signature: Signature block with name and title of authorized insurance company representative