DISTINCTION BETWEEN LOANS AND LEASES For financed equipment the ACORD 23 form shows the lender/lessor only as lender s loss payee as there is no interest in liability exposure on finance contracts. The New ACORD 23 allows lenders/lessors of both standard equipment and vehicles to use a single form that provides ALL necessary insurance information on ONE document making the process of providing proof of sufficient coverage much more efficient. ACORD 23 SIMPLIFIES INSURANCE DOCUMENTATION FOR...
acord 23

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