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PIA National VP Andy Harris Addresses NCOIL on Certificates

State legislators discussed model legislation governing certificates of insurance during a meeting of the National Conference of Insurance Legislators (NCOIL) Property & Casualty Committee, chaired...
July 19, 2011

State legislators discussed model legislation governing certificates of insurance during a meeting of the National Conference of Insurance Legislators (NCOIL) Property & Casualty Committee, chaired by Representative Charles Kleckley (LA), on July 17. PIA expressed appreciation to the legislators for their efforts to bring some certainty and uniformity to this issue. The legislators agreed with us that this is a very important topic and decided to form a special subcommittee to address certificate issues. NCOIL President George Keiser (ND) (left) meets with PIA National Vice President/Treasurer Andrew C. Harris during a meeting of the National Conference of Insurance Legislators July 17 in Newport, Rhode Island.

PIA National Vice President/Treasurer Andy Harris addressed the legislators. Drawing from his experience as a banker, insurance company founder and agency owner-principal, Harris was able to explain the importance of this issue to all interested parties and proclaim PIA's desire to work on a solution that works for everyone. Harris outlined that certificates of insurance were not the proper form for lenders to rely on as evidence of coverage, but an ACORD Evidence of Property coverage form combined with a binder should satisfy the needs of the lenders until the policy is available. PIA will be continuing discussions with all interested parties and will work with the NCOIL special subcommittee to craft a model bill that resolves the problems we have with certificates without harming the lenders' interests. At the NCOIL meeting, left to right: New York Assemblywoman Nancy Calhoun; David Eppstein of PIA National; PIA National Vice President/Treasurer Andrew C. Harris; Rhode Island State Representative Brian Kennedy.

NCOIL President George Keiser (ND) (left) meets with PIA National Vice President/Treasurer Andrew C. Harris during a meeting of the National Conference of Insurance Legislators July 17 in Newport, Rhode Island.