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Endorsements & Extensions Part of the Commercial 101 Series of Webinars 2 General ICM CE Credits / 2 GIGS CE Credits Presenter: Melanie Needham, FLIP, CRM With over 20 years experience in the insurance
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Endorsements definition refers to a written agreement attached to an insurance policy that modifies the coverage provided by the policy.
The policyholder or the entity responsible for managing the insurance policy is required to file the endorsements definition.
To fill out the endorsements definition, the policyholder must carefully read the terms of the endorsement and provide any necessary information or signatures.
The purpose of endorsements definition is to modify the coverage provided by the insurance policy to better suit the needs of the policyholder.
The endorsements definition must include details about the changes to the policy coverage, any additional premiums or fees, and the effective date of the endorsement.
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