DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 476 Reengrossed 2016 Regular Session Huval
Abstract: Provides that an insurer, but not an insurance producer, may be asked to prepare an
addendum to a certificate of insurance that clarifies, explains, summarizes, or provides a
statement of the coverages provided by an insurance policy. Further provides that a
certificate of insurance may be issued only on standard forms promulgated by ACORD,
AAIS, ISO, the insurer, or a lender and that the insurance producer may not be asked to
provide an interpretation of the forms or endorsements listed on a certificate of insurance,
other than by a lender.
Present law provides that either an insurance producer or insurer may be asked to provide an
addendum to a certificate of insurance that clarifies, explains, summarizes, or provides a statement
of the coverages provided by an insurance policy.
Proposed law provides that only the insurer may be asked to provide an addendum to a certificate
of insurance that clarifies, explains, summarizes, or provides a statement of the coverages provided
by an insurance policy. Further provides that an insurance producer may not be asked to provide any
additional documents other than a certificate of insurance, other than by a lender, as defined in the
Section.
Present law allows the use of insurance certificates promulgated by the Association for Cooperative
Operations Research and Development (ACORD) the American Association of Insurance Services
(AAIS), or the Insurance Services Office (ISO), or any certificate approved by the commissioner of
insurance. Proposed law allows only the use of certificates of insurance promulgated by an insurer,
ACORD, AAIS, ISO, or by a lender.
Proposed law prohibits a certificate holder or other interested party, other than a lender, from
requiring an interpretation of the forms and endorsements to an insurance policy that are listed on
a certificate of insurance.
(Amends R.S. 22:890)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the original bill:
1. Add definition of "lender". 2. Only allow the issuance of certificates of insurance on standard certificate of insurance
forms promulgated by the insurer, the Association for Cooperative Operations Research
and Development (ACORD) the American Association of Insurance Services (AAIS),
or the Insurance Services Office (ISO), unless a lender requests otherwise.
3. Delete provisions in current law that allow the use of forms other than those issued by
ACORD, AAIS, or ISO.
4. Allow lenders to request an insurance producer provide additional information not
contained in a certificate of insurance.
5. Specify that the certificate of insurance may list only the specific forms or endorsements
contained in the underlying insurance policy.
6. Prevent a certificate holder or other interested party, other than a lender, from requiring
an insurance producer to provide an interpretation of the forms and endorsements.
7. Make technical changes.
The House Floor Amendments to the engrossed bill:
1. Provide that a lender or policyholder may request an opinion letter or other
documentation from an agent, in addition to the certificate of insurance.
2. Provide that a lender may request an agent prepare or issue an addendum that explains
or provides a statement of coverages provided by a policy of insurance.
3. Make technical changes.