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GA HB1464
Bill
Status
Introduced
3/26/2010
Primary Sponsor
Tom Knox
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AI Summary
- Establishes that the purpose of a certificate of insurance is solely to provide evidence of insurance coverage and the amount of insurance issued to a third party
- Prohibits insurers and licensed producers from issuing certificates of insurance that affirmatively or negatively amend, extend, or alter the coverage provided by an approved policy, form, or endorsement without written approval from the Commissioner
- Requires property or casualty insurance certificates issued to non-policyholders to include a statement that the certificate does not amend, extend, or alter the coverage afforded by the policy
- Limits cancellation notice provisions on certificates to third parties so they cannot exceed the statutory notice of cancellation provided to the policyholder
- Requires insurers not using standard ACORD or ISO certificate forms to file their certificate forms with the Commissioner prior to use, and prohibits amending filed forms at a third party's request
Legislative Description
Insurance; purpose of a certificate of insurance; provide
Last Action
House Second Readers
3/30/2010
Committee Referrals
Insurance3/26/2010
Full Bill Text
No bill text available