PIACT praises governor for signing certificates of insurance law

The Professional Insurance Agents of Connecticut Inc. is lauding Gov. Dannel P. Malloy for signing H.B.5248, the PIACT-backed “certificates of insurance” bill, into law yesterday. The law, which prohibits the inappropriate use and issuance of certificates, will protect businesses throughout the state, as insurance producers are often pressed by third parties to issue certificates of insurance that seem to expand or amend the policy or make representations about the policy’s fitness for specific contracts, or issue non-certificate advisory documents attempting to make similar statements. H.B.5248 brings Connecticut in line with other states by enacting legislation that forbids parties from demanding misleading certificates, prohibits parties from complying with such requests, and provides for fines and penalties against those who do so.

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