What must the letter of experience include?

The letter of experience is an important document in the context of insurance, particularly in the manufactured homes sector, as it serves to verify a person's insurance history and compliance. The requirement for the letter to be on company letterhead is crucial because it authenticates the document, proving that it is issued by a legitimate and recognized insurer. This formal presentation is not just a matter of professionalism; it also has regulatory implications, as maintaining proper documentation is essential for compliance and can be subject to audits or spot-checks by insurance authorities.

Moreover, retaining such letters for compliance purposes ensures that there is a credible trail of a policyholder’s insurance history, which is vital in assessing risk and determining coverage eligibility. Therefore, the requirement for the letter of experience to be on company letterhead and retained for compliance spot-check purposes underscores the significance of both documentation authenticity and regulatory adherence in the insurance industry, particularly within the realm of manufactured homes.