SEF 23 A

If your policy has an SEF 23A then this is to show that the lien holder has an insurable interest in that particular automobile.

The lien holder will receive a copy of the policy documents. If the policy is to be canceled or lapsed then the lienholder will also be advised.

If there was a claim on this particular vehicle then the cheque for payment would be in the name of the insured (policyholder) and the name of the lien holder. This is to protect the interest of both parties.