Policy Form Number
What Does Policy Form Number Mean?
A policy form number is a code that an insurance company gives to a policyholder to provide them a means of individual identification.
If the policyholder files a claim, the insurer will verify the policy form before compensating the insured.
Insuranceopedia Explains Policy Form Number
The policy form number is an important marker of the policyholder's identity for the insurance company. It is how insurers match their policyholders with the policies they have purchased.
"Policy form number" is a bit of a misnomer, since it is actually composed of numbers and letters. The combination and order of the letters and numbers can pertain to the kind of insurance purchased and certain key dates, like the renewal date.
When policyholders deal with their insurer, the office or one of its authorized representatives uses the policy form number to verify that the policyholder really is insured.