certificates of insurance News

Massachusetts DOI Issues Bulletin on Certificates of Insurance Law

The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was signed into law on Jan. 7, 2015, by then-Gov. …

N.Y., Mass. Adopt Certificates of Insurance Law

New York and Massachusetts in January became the latest states to enact laws to prohibit improper use of certificates of insurance. On Jan. 28, New York Gov. Andrew Cuomo signed into law a bill (A.9590/S.6545-A) that would standardize the practice …

Georgia Agency Owners Charged With Insurance Fraud

Georgia Insurance Commissioner Ralph Hudgens announced Tuesday that warrants have been issued for the arrest of a Gwinnett County insurance agent and her husband on multiple counts of insurance fraud. Officials said insurance agent Cynthia Dunn is facing charges of …

Connecticut’s Certificates of Insurance Bill Signed Into Law

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 …

Delaware’s New Legislation Adds Teeth to Certificate of Insurance Regulations

Delaware legislature on Tuesday passed HB 104 (“An Act to Amend Title 18 of the Delaware Code Relating to Certificates of Insurance”) that aims to curtail the improper use of certificates of insurance. Delaware Association of Insurance Agents & Brokers …

N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance

Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The New York State Police announced on Dec. 22 that Walter Davis, the owner of W. Davis Insurance in Saint Johnsville, N.Y., …

Burand’s Agency E&O Blog: Tip #9

Certificates of Insurance, Part 2.   Last week’s blog covered the reason certificates cause so many E&O mistakes due to processing errors.  This week’s blog covers the second reason certificates of insurance create so many E&O errors.  That reason is agencies …

Burand’s Agency E&O Blog: Tip #8

Certificates of Insurance. Certificates are probably the most frustrating aspect of processing commercial insurance today. A blog is not the place to detail the entire universe of certificate E&O exposures and thankfully, Bill Wilson has written a great manual available …

Virginia Begins Enforcing Proper Usage of Certificate of Insurance

Widespread misunderstanding regarding the proper use of certificates of insurance has led to new changes relating to their use, according to Virginia’s Bureau of Insurance. The changes went into effect July 1.The Bureau reported that some private and public entities …

Florida Revises Workers’ Comp Certificates, Excess Profits, Premium Audit Laws

Florida’s governor has signed workers’ compensation legislation streamlining the workers’ compensation certificate process, eliminating mandatory premium audits, and discontinuing refunds for insurers with excess profits. Gov. Rick Scott signed into law HB 941, sponsored by Rep. Doug Holder, which made …