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Certificates of Insurance Laws and Regulations

To address some of the problems outlined in our white paper, a number of states have taken legislative or regulatory action. Below is a summary listing of statutes, regulations, or other measures in states that we are aware of at this time. This is not an exhaustive list of all potentially relevant laws and regulations in states named, nor should the fact that some states are not named result in a conclusion that they have no potentially relevant laws or regulations. For example, the following is an excerpt from the NAIC model fraud law now in effect in many states:
"Fraudulent insurance act" means any of the following acts or omissions when committed knowingly and with intent to defraud:   

Presenting, or causing to be presented, or preparing any information containing false representations as to a material fact with knowledge or belief that the information will be presented by or on behalf of an insured, claimant or applicant to an insurer, insurance producer or other person engaged in the business of insurance concerning any of the following:

•  An application for the issuance or renewal of an insurance policy;
•  The rating of an insurance policy;
•  A claim for payment or benefit pursuant to an insurance policy;
•  Payments made in accordance with an insurance policy; or
•  Premiums paid on an insurance policy;

Presenting, or causing to be presented, or preparing any information containing false representations as to a material fact with knowledge or belief that the information will be presented to or by an insurer, insurance producer or other person engaged in the business of insurance concerning any of the following:

•  A document filed with the superintendent or the insurance regulatory official or agency of
    another jurisdiction;
•  The financial condition of an insurer;
•  The formation, acquisition, merger, reconsolidation, dissolution or withdrawal from one or
    more lines of insurance in all or part of this State by an insurer;
•  The issuance of written evidence of insurance; or
•  The reinstatement of an insurance policy;

In addition, the information below could change at any time, so it is important that you be informed of potentially relevant state laws and regulations that may affect the issues discussed in this paper.

On this page is a state by state listing of laws, regulations, and regulatory directives governing certificates of insurance.  Please note that the information provided through this site may not include all of any individual state’s laws, regulations, and regulatory directives concerning certificates of insurance, and should not be considered a definitive listing since developments are evolving on an ongoing basis. If specific information is needed on applicable laws, regulations and/or regulatory guidance for a particular state, an appropriate, competent professional and/or the responsible governing regulatory authority should be consulted.

Important Information


If you have any questions about the material, please contact bill.wilson@iiaba.net
 
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Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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