HB 564 Summary

• Amends Ohio Revised Code section 3905.14 to add regulations governing certificates of insurance issued as evidence of property or casualty insurance coverage.

• Requires certificates of insurance to use standard forms promulgated by recognized insurance organizations (ACORD, AAIS, ISO) or forms approved by the Department of Insurance, or forms from the underwriting insurance company.

• Clarifies that certificates of insurance are not insurance policies and cannot amend, extend, or alter the coverage afforded by the underlying policy; certificate holders gain no new or additional rights beyond what the policy expressly provides.

• Specifies that certificates cannot reference contracts other than the insurance contract itself, and that all insurance terms, exclusions, and conditions are governed solely by the underlying policy, not the certificate.

• Establishes that certificate holders receive notice of cancellation or material changes only if named in the underlying policy or endorsement, with notice terms governed by the policy itself, not the certificate.