10 December, 2020
WHO NEEDS TO SIGN THE NAME CHANGE FORM?
If the name of the Insured is being changed and the policy is owned by an individual other then the Insured, the Insured’s signature is not required. Only the Policy Owner is required to sign the name change form. If the policy is jointly owned we will require the signature of both owners. If the policy is owned by a Trust we will require the signature of the trustee with name and date of the trust shown. If there are multiple trustees we require only one trustee to sign the name change form or letter on behalf of the other trustees. If the policy is owned by a corporation we will require a corporate resolution that lists all of the officers who are authorized to sign on behalf of the corporation with the signature of one corporate officer ( other than the Insured) with title shown. If a corporate resolution is not available then we require that two corporate officers (other than the Insured) sign with titles shown. If the Insured is the only corporate officer then he/she should sign and President and Sole Officer.