A letter from a borrower to an insurer giving notice that the borrower has created security, in favour of a lender, over its rights relating to an insurance policy taken out with the insurer, and a letter from that insurer to the lender acknowledging that the security has been created.

The standard document includes integrated drafting notes. For detailed information on legal issues that may arise when drafting a notice and acknowledgement of security over rights relating to an insurance policy, see Drafting note, About this document.