Georgia joins the list of states that have enacted bills clarifying the nature of insurance certificates. As of April 27th, it is expected that Georgia Gov. Nathan Deal will sign into law a bill requiring all insurance certificate forms be filed with and approved by the state insurance commissioner. This is a huge win for Acord and for insurance companies. How does this bill and others like it affect you?
Insurance agents and brokers and insurance companies nationwide have had long running problems with certificate holders that want additional coverage and protection through myriad custom modifications to insurance certificates intended to add or amend policy provisions in favor of the certificate holder.