EVAN BROOKS ASSOCIATES - Laserfiche WebLink

Home Browse Search

HUBHUB International Insurance Services Inc, International 40 E. Aleanor Avenue Santa Bubara,CA M01 Lic. No. 0757776 Dear Client or Cert Holder, ym h. bi_ntemational.corn The certificate of insurance we have issued on your behalf has changed from previous forms. ACORD, the insurance industry standards leader for Forms, updated the Certificate of Insurance Form 25 in September 2009. Regulations require that agencies use current versions of ACORD. The new form is different from previous versions regarding the "notice of cancellation" clause provided to the certificate holder, Why was this change necessary? • To align the certificate with the policy contract. Cancellation provisions are rights under the policy and are not voluntary provisions that we can alter. Policy forms must be approved by the state department of insurance by law. We are often asked to alter the certificate, or to issue proprietary certificates provided by the certificate requestor. However, there are a number of reasons we are unable to comply with these requests: • ACORD forms are copyrighted, and can only be used in the ways permitted by their licensing agreement, which states that they cannot be used after new forms have been released. • Any document that promises a policy right is considered a policy form. Policy forms must be approved by the state department of insurance by law. • Notice of cancellation is a policy right, not an unregulated service. No insurer shown on this certificate is able to provide the cancellation notice you desire by endorsement. For example, the insured can cancel immediately, so it would be impossible for the insurer to give you the notice you request. State law also grants the insurer the right to cancel for reasons such as nonpayment with less notice than you require. • Knowing that we cannot give notice under certain circumstances, giving a certificate promising notice would consist of misrepresentation or fraud, which could subject our agency and staff to civil and criminal penalties. • Our insurance company contracts only allow us to issue unaltered ACORD forms. Many proprietary certificates include broad, vague, or ambiguous language that may or may not be in compliance with state laws, regulations, and insurance department directives. Therefore, we cannot issue any proprietary certificates that have not been reviewed by our state insurance department. We appreciate your understanding of the legal restrictions on our ability to comply with your request. Sincerely, Patrick Coray Account Manager