certificates of insurance News

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 …

Tennessee Issues Warning on Certificates of Insurance

Authorities in Tennessee are warning agents that certificates of insurance must be consistent with the underlying policy or they risk being penalized under state law. The Tennessee Department of Commerce and Insurance recently issued a bulletin to clarify the use …

Certificates of Insurance, Staff Leasing Bills Signed by Texas Governor

Texas Gov. Rick Perry in mid-June signed a measure backed by agents groups that requires regulatory approval of property and casualty certificate of insurance forms provided to insureds as proof of insurance coverage. The governor also signed a bill requiring …

Certificates of Insurance Bill Heads to Texas Governor

The Texas Legislature has passed a measure that requires regulatory approval of property and casualty certificate of insurance forms provided to insureds as proof of coverage. Certificates of insurance are widely used in commerial insurance, especially in the construction industry, and …

Georgia Passes Bill Regulating Insurance Certificates

Georgia Gov. Nathan Deal is expected to sign into law a bill requiring that certificate of insurance forms be filed with and approved by the state insurance commissioner. Agent groups and insurance companies have had longstanding problems with certificates that …

Certificate of Insurance Bill Makes Headway in Georgia

Agents in Georgia are urging their representatives to support a bill that would clarify the use of certificates of insurance issued to policyholders. Among other things, the bill would require certificate forms to be filed and approved by the insurance …