Anti Coercion Insurance Disclosure: Templates & More

An anti-coercion insurance disclosure is a notice required by law to be given by a lender to a borrower and notifies the borrower that the lender cannot require the borrower to take insurance through any particular insurance agent or company to protect the assets relating to the loan.  

The disclosure typically explains that the consumer has the right to make an independent decision about where to purchase insurance coverage and that the lender cannot coerce or pressure the borrower into using any specific insurance provider.  

The purpose of the anti-coercion insurance disclosure is to ensure that consumers are aware of their rights and protections when purchasing insurance and to prevent lenders from engaging in unfair or deceptive practices. This disclosure can help promote transparency and fairness in the lending process and protect borrowers from undue pressure or coercion.