In September 2009, ACORD revised the ACORD 25 Certificate of Insurance form. R&R Insurance will begin using this new form in the near future.
You will notice that the new ACORD Certificate of Insurance has a new appearance, and is now a single-sided document, making faxing and emailing more efficient. Most notably is the removal of the cancellation notice provision.
Prior versions of the ACORD 25 contained a section stating that the insurance carrier will endeavor to give the certificate holder a certain number of days notice in event of policy cancellation. The notice of cancellation provision in your policy(ies) is a provision given to you, the insured. Your policy does not contain any provisions to notify certificate holders that your policy has been cancelled, therefore, ACORD has modified its certificate to coincide with policy provisions.
A certificate of insurance must, by state law, be a true and accurate representation of policy coverage. However, many certificate holders have required our policyholders to ask their agents to furnish them with certificates that cite verbiage that doesn’t exist in the policy, or to reference indemnity clauses.
It is our practice at R&R Insurance to be in full compliance with state statutes and our licensing agreement with ACORD. We will not be able to issue an older version of the ACORD 25, although the certificate holder will likely request it. Likewise, we cannot alter the current certificate to add the cancellation language requested by the certificate holder.
If you have any questions or concerns regarding the new certificate, we are here to help you and happy to answer your questions.
