Lost Policy Release

Definition of "Lost policy release"

Barbara Absalom, TRC , GRI
Barbara Absalom, TRC , GRI Fillmore Real Estate

same as term Lost Policy Receipt: life insurance company form to be signed by a policyholder who wishes to surrender a policy that has been lost. The signed receipt then becomes evidence that the policy is no longer in force. This protects the insurance company if a policyholder claims that the policy was never surrendered.

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