What must policy modifications include to be valid?

For policy modifications to be considered valid, they must be documented in a formal manner and include a written document that is signed by a company officer. This requirement ensures that changes to the policy are officially recognized and traceable within the organization. It adds a layer of accountability and provides a clear record of modifications, which is essential for both the insurer and the policyholder.

By having a company officer sign off on the modification, the insurer demonstrates that the change has been authorized at a sufficient level within the organization, thereby preventing unauthorized alterations. This process safeguards the interests of all parties involved and upholds the integrity of the insurance contract.