Insurance Waiver

Insurance Waiver Template for Philippines

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Insurance Waiver

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need an Insurance Waiver for a health insurance policy where I'm voluntarily opting out of mental health coverage benefits effective March 1, 2025, in exchange for a reduced premium with ABC Insurance Company Philippines."

Document background

The Insurance Waiver is a critical document used in Philippine insurance transactions when an insured party needs to formally relinquish certain insurance rights or benefits. It's commonly utilized in situations involving policy modifications, claim settlements, or coverage adjustments, ensuring compliance with the Insurance Code of the Philippines and related regulations. The document serves as a protective measure for both insurers and insured parties by clearly documenting the voluntary surrender of specific insurance rights. The waiver must be drafted with careful attention to Philippine legal requirements, including clear disclosure obligations, proper execution procedures, and compliance with consumer protection laws. It's essential in scenarios where policy terms need modification, claims are being settled, or when certain coverage aspects need to be excluded from the standard policy terms.

Suggested Sections

1. Parties: Identification of the parties: the insured/waiver-giver and the insurance company/waiver-recipient

2. Background: Context of the insurance relationship and circumstances leading to the waiver

3. Definitions: Clear definitions of key terms used in the waiver document

4. Insurance Details: Description of the relevant insurance policy or coverage being waived

5. Waiver Declaration: Express statement of the rights, benefits, or claims being waived

6. Acknowledgment of Understanding: Confirmation that the waiver-giver understands the implications of the waiver

7. Voluntary Nature: Statement confirming the voluntary nature of the waiver execution

8. Duration and Scope: Temporal scope of the waiver and extent of its application

9. Governing Law: Specification that Philippine law governs the waiver

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Consideration: Details of any consideration provided in exchange for the waiver, if applicable

2. Regulatory Compliance: Additional statements required for specific types of insurance or regulatory requirements

3. Group Insurance Provisions: Special provisions when the waiver relates to group insurance policies

4. Severability: Clause stating that if any provision is found invalid, others remain in effect

5. Language Declaration: Statement that the waiver has been explained in a language understood by the waiver-giver, particularly important in the Philippine context

6. Revocation Rights: Any circumstances under which the waiver can be revoked, if applicable

7. Representative Authority: When the waiver is being signed by a representative rather than the insured person

Suggested Schedules

1. Schedule A - Insurance Policy Details: Complete details of the insurance policy being waived, including policy numbers and coverage details

2. Schedule B - Rights Being Waived: Detailed enumeration of specific rights, benefits, or claims being waived

3. Appendix 1 - Required Identification Documents: Copies or details of identification documents required to verify the identity of the waiver-giver

4. Appendix 2 - Supporting Documentation: Any relevant supporting documents explaining the context or necessity of the waiver

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Insurance

Financial Services

Banking

Healthcare

Real Estate

Construction

Manufacturing

Transportation

Maritime

Aviation

Professional Services

Retail

Relevant Teams

Legal

Compliance

Risk Management

Insurance Operations

Claims Processing

Policy Administration

Customer Service

Documentation

Regulatory Affairs

Underwriting

Relevant Roles

Insurance Underwriter

Risk Manager

Compliance Officer

Legal Counsel

Insurance Claims Manager

Policy Administration Manager

Insurance Broker

Corporate Secretary

Chief Risk Officer

Insurance Operations Manager

Claims Adjuster

Legal Documentation Specialist

Insurance Agent

Regulatory Affairs Manager

Customer Service Manager

Find the exact document you need

Property Damage Liability Waiver

A Philippine law-compliant document that releases liability for property damage, suitable for various business and real estate transactions.

������Ƶ

How a Sales & Marketing Lead uses ������Ƶ to reduce contract drafting time by 95%

Let's create your Insurance Waiver

Authors

Alex Denne

Find the exact document you need

Property Damage Liability Waiver

Loss Of Coverage Letter

Certificate Of Workers Compensation (Insurance)

Insurance Claim Form

Insurance Waiver Form

Insurance Waiver

Dental Insurance Verification Form

Accident Claim Form

Medical Claim Form

Insurance Reimbursement Form

Insurance Verification Form

Qualified Health Coverage Letter

Car Insurance Form

Dental Claim Form

Subrogation Letter

Subrogation Form

Medical Charges Reimbursement Form

Claim Denial Letter

Life Insurance Cancellation Letter

Dental Insurance Breakdown Form

Travel Insurance Form

Accident Waiver

Workers Compensation Waiver Form

Driver Exclusion Form

Workers Compensation Waiver

Waiver Of Subrogation Form

Auto Insurance Cancellation Letter

Group Insurance Form

Transfer Of Insurance Form

Insurance Proposal Form

Event Liability Waiver

Insurance Declaration Form

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise