Affidavit of Loss

Affidavit of Loss

A sworn statement describing the particulars and circumstances of the loss of securities. This affidavit is required before a Bond of Indemnity can be issued and the securities replaced.

Affidavit of Loss

A statement declaring the loss of a security. One files an affidavit of loss when the certificate of the security is stolen or destroyed in a flood or fire. The affidavit includes information such as the holder's name and the circumstances surrounding the loss. One must file an affidavit of loss in order to receive a bond of indemnity and replace the lost security.

affidavit of loss

A notarized form detailing the circumstances relating to the loss of securities. An indemnity bond and replacement securities are not made available until an affidavit of loss is accompanied by a 2% surety premium.
References in periodicals archive ?
But we would be waiting for the mall management's affidavit of loss because we would still base our final report on that, It may also reach a half billion.
Much to my shock, we were told to secure an affidavit of loss and pay P100 for the replacement, as if my lolo had committed a grievous sin for losing his SC-ID card.
In addition, Aetna has designed a Employer Certification form and an Affidavit of Loss for next of kin that can be used as proof of loss when a death certificate is not immediately available.
Ngayon, kapag kinumpiska ng local government ang lisensya ng isang motorista na pasaway, gagawa lang affidavit of loss ang driver na iyun at makakakuha siya ng isa pang lisensya.