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ID S1390
Bill
Status
4/5/2012
Primary Sponsor
Judiciary and Rules Committee
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AI Summary
Senate Bill No. 1390 Summary
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Requires all certificate of insurance forms to be filed with the director before use, and prohibits alteration or modification of forms unless filed with the director.
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Mandates each certificate of insurance contain a statement that it confers no rights on the certificate holder and does not alter, amend, or extend the underlying policy coverage.
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Prohibits any person from requesting, preparing, or issuing certificates containing false, misleading, or deceptive information, or certificates that purport to alter policy coverage.
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Clarifies that certificates of insurance are not policies and do not confer new rights beyond what the referenced policy provides, and prohibits certificates from referencing contracts other than underlying insurance contracts.
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Establishes that violations result in null and void documents subject to administrative penalties, grants the director authority to examine and investigate violations, and applies requirements statewide regardless of where parties are located.
Legislative Description
Adds to and amends existing law relating to certificates of insurance to provide definitions, to provide that no person may prepare, issue or knowingly request the issuance of a certificate of insurance unless a form has been filed with the director, to provide that no person may alter or modify a certificate of insurance unless the alteration or modification has been filed with the director, to establish provisions relating to the director disapproving the use of a form or withdrawing approval of a form, to provide that each certificate of insurance must contain a statement, to establish provisions relating to certificates of insurance; and to revise provisions relating to binders or other contracts for temporary insurance.
CERTIFICATES OF INSURANCE
Last Action
Governor signed Session Law Chapter 314 Effective: 07/01/12
4/5/2012