Insurance Assignment Form
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What is a Insurance Assignment Form?
An insurance assignment form allows a policyholder to transfer their rights under an insurance policy to another party, often a healthcare provider. It is used to assign the right to collect benefits or payments under the policy. This form is common in medical billing.
Why use a notary?
Notarizing an insurance assignment form verifies the identity of the policyholder and ensures that the transfer of rights is legitimate. It adds legal validity to the assignment, reducing the risk of disputes over the payment of benefits. Notarization provides proof that the policyholder signed the document voluntarily and with full understanding of its consequences. It also helps prevent fraudulent claims or unauthorized assignments.
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