Connecticut Gov. Dannel P. Malloy recently signed into law H.B.5248 that prohibits the inappropriate use and issuance of certificates of insurance.
The Professional Insurance Agents of Connecticut Inc., an industry association which has been an active supporter of H.B.5248, applauded the bill’s signing. The association said insurance producers in Connecticut have often been pressed by third parties to issue certificates of insurance that seem to expand or amend the policy or make representations about the policy’s fitness for specific contracts, or issue non-certificate advisory documents attempting to make similar statements.
Public Act No. 14-74 (“An Act Concerning Certificates of Insurance for Property and Casualty Insurance Coverage”) was signed by the governor on June 3 and will take effect on Oct. 1, 2014. The Act states that no person shall…
View full article at: Insurance Journal – June 13, 2014