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 ?
'[The DST of] Good Moral Standing Certificate required by PRC [Professional Regulation Commission] for 4.1 millions of professionals for every 3 years and affidavits like affidavit of loss and other certificates/notarized documents, proxies, Certificate of No Marriage Record, baptismal certificate and marriage license [will also be removed],' he said.
When I got back home in Cebu, I got an affidavit of loss and went to the Land Transportation Office (LTO) in SM Seaside and had a little complication.
Thinking that she might have misplaced the title, Lucy executed an affidavit of loss which led to the issuance of another certificate of title in her name.
You will need a birth certificate in security paper issued by the Philippine Statistics Authority (PSA) or report of birth duly authenticated by the PSA if born abroad; original police report with three photocopies of the English translation; three copies of the data page of the lost passport; duly accomplished affidavit of loss plus 2 photocopies; duly accomplished passport application/renewal form.
"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."
When I misplaced a check issued me by a private institution and requested for a replacement, I was required to produce a notarized affidavit of loss, even if they could easily notify the bank to stop payment on the check, which they needed to do anyway.
The Comelec also continues to issue replacements for lost voter ID cards, subject to the presentation of an affidavit of loss and the payment of a nominal fee.
5) If all search efforts are exhausted, is an affidavit of loss and incident report describing the efforts submitted to highest authorities ?
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.
'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.