Section 27-78-2. – Definitions.
§ 27-78-2. Definitions. For purposes of this chapter: (1) “Certificate of insurance” means a document or instrument, regardless of how titled or described, that is prepared or issued by an insurer or insurance producer as evidence of property or casualty insurance coverage. The term does not include a policy of insurance, insurance binder, policy endorsement, […]
Section 27-78-3. – Certificate forms.
§ 27-78-3. Certificate forms. (a) The commissioner of insurance shall prohibit the use of a certificate of insurance form if the form: (1) Is unfair, misleading, or deceptive, or violates public policy; or (2) Violates any law, including any regulation promulgated by the commissioner of insurance. (b) A certificate of insurance is not a policy […]
Section 27-78-4. – Limitations on use.
§ 27-78-4. Limitations on use. (a) A person may not: (1) Alter or modify a certificate of insurance after issuance by a producer or insurer; (2) Prepare, issue, or request or require the issuance of a certificate of insurance that contains any false or misleading information concerning the policy of insurance to which the certificate […]
Section 27-78-5. – Notice requirements.
§ 27-78-5. Notice requirements. A person is entitled to notice of cancellation, nonrenewal, or any material change, and to any similar notice concerning a policy of insurance only if the person has such notice rights under the terms of the policy of insurance or any endorsement to the policy. The terms and conditions of the […]
Section 27-78-6. – Applicability.
§ 27-78-6. Applicability. (a) The provisions of this chapter shall apply to all certificates of insurance issued in connection with property, operations, or risks located in this state, regardless of where the policyholder, insurer, insurance producer, or person requesting or requiring the issuance of a certificate of insurance is located. (b) A certificate of insurance […]
Section 27-78-7. – Enforcement and penalties.
§ 27-78-7. Enforcement and penalties. (a) The commissioner of insurance shall have the power to examine and investigate the activities of any person that the commissioner reasonably believes has been or is engaged in an act or practice prohibited by this chapter. (b) The commissioner of insurance shall have the power to enforce the provisions […]
Section 27-78-1. – Short title.
§ 27-78-1. Short title. This chapter shall be known and may be cited as the “Certificates of Insurance Model Act.” History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.