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An Auto Insurance Cancellation Letter is a crucial document used in the Philippine insurance market when a policyholder wishes to terminate their vehicle insurance coverage before the policy's natural expiration date. This document must be prepared in accordance with the Insurance Code of the Philippines and related regulations, which require specific information and notice periods for policy cancellation. The letter is typically used when selling a vehicle, switching insurance providers, or no longer requiring coverage. It must include essential details such as policy number, vehicle information, desired cancellation date, and reason for cancellation. The document serves multiple purposes: it provides formal notice to the insurance company, creates a record of the cancellation request, and initiates the process for any premium refunds. Understanding and properly executing this document is crucial for both policyholders and insurers to ensure compliance with Philippine insurance regulations and to protect their respective interests.

1. Recipient Information: Insurance company's name, address, and department

2. Policy Information: Policy number, vehicle details, and effective dates

3. Policyholder Details: Full name, address, and contact information of the policyholder

4. Cancellation Request Statement: Clear statement requesting policy cancellation and desired effective date

5. Reason for Cancellation: Brief explanation of why the policy is being cancelled

6. Return Premium Instructions: Instructions for how any refunded premium should be handled

7. Signature Block: Policyholder's signature, printed name, and date