SF0022

What it does

• States that the insurance policy, along with any printed riders, endorsements, or renewal notices, is the insurance contract between the insurer and the insured.
• Requires a specific disclaimer on certificates of insurance stating that the policy is the actual contract and should be examined for coverage details.
• Prohibits other oral or written statements, advertisements, or certificates from modifying the insurance contract, except for changes to the insured parties when no written application is required.
• Allows the insurance commissioner to require specific labeling or signed acknowledgments for contract clauses that cause confusion or material misunderstandings.
• Creates penalties for knowingly making false advertisements or materially false statements about insurance coverage.
• Allows people to sue for actual damages if an insurer, agent, broker, insured, or third party knowingly issues a certificate of insurance with a materially false statement intended to deceive.