New Ohio Law Strengthens Certificate of Insurance Regulation
On December 22, 2015, Governor John Kasich signed House Bill 259 into legislation. This bill states that a certificate of insurance cannot alter the coverage of an insurance policy. This is important in the event there is a discrepancy between the issued certificate of insurance and the actual insurance policy. This bill states that the insurance policy will be used to determine the coverage.
What is a Certificate of Insurance?
A certificate of insurance is a document used to provide information on specific insurance coverage. The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods.
Additional information can be found on the Insurance Journal.