A Few Changes for Commercial Certificate Holders

Share This

A Few Changes for Commercial Certificate Holders

“Certificate of Insurance Act”

In December 2015, the Ohio General Assembly enacted the “Certificates of Insurance Act.” Based on Ohio Revised Code Section 3938.01-09, state law prohibits a business from requesting, and an insurance agent from issuing, a certificate of insurance that intends to amend, extend or alter the terms of an insurance policy.

This ensures that, as a business, we are protected and insurance coverage is stated in the certificate can be found in the policy, and if not, the law is not being upheld. A business can be subject to fines, penalties, and actions taken against their insurance license.

More information can be found at the Professional Independent Agents Association of Ohio’s website.

http://www.ohiopia.com/newsdetails.aspx?article=152928260