                                 CODE OF VIRGINIA

CERTIFICATES OF INSURANCE (§ 38.2-518)

A. As used in this section, &#8220;certificate of insurance&#8221; means a
document, regardless of how titled or described, that is provided to a third
party and is prepared or issued by an insurer or insurance producer as a
statement or summary of an insured&#8217;s property or casualty insurance
coverage. The term does not include any (i) policy of insurance, (ii) insurance
binder, (iii) policy endorsement, (iv) automobile identification card, (v)
certificate issued under a group or master policy, or (vi) evidence of coverage
provided to a lender in a lending transaction involving a mortgage, lien, deed
of trust, or other security interest in or on any real or personal property.

B. No person shall issue or deliver any certificate of insurance that attempts
to confer any rights upon a third party beyond what the referenced policy of
insurance expressly provides.

C. No certificate of insurance may represent an insurer&#8217;s obligation to
give notice of cancellation or nonrenewal to a third party unless the giving of
such notice is required by the policy.

D. No person shall issue or deliver a certificate of insurance unless it
contains a substantially similar statement to the following: &#8220;This
certificate of insurance is issued as a matter of information only. It confers
no rights upon the third party requesting the certificate beyond what the
referenced policy of insurance expressly provides. This certificate of insurance
does not extend, amend, or alter the coverage, terms, exclusions, or conditions
afforded by the policy referenced in this certificate of insurance.&#8221; If a
certificate of insurance is required by a state or federal agency and accurately
reflects the coverage provided by the underlying policies, no such statement is
required.

E. No person shall knowingly demand or require the issuance of a certificate of
insurance from an insurer, insurance producer, or policyholder that contains any
false or misleading information concerning the policy of insurance to which the
certificate makes reference.

F. No person shall knowingly prepare or issue a certificate of insurance that
contains any false or misleading information or that purports to affirmatively
or negatively alter, amend, or extend the coverage provided by the policy of
insurance to which the certificate makes reference.

G. The provisions of this section shall apply to all certificate holders,
policyholders, insurers, insurance producers, and certificate of insurance forms
issued as a statement or summary of insurance coverages on property, operations,
or risks located in the Commonwealth.

HISTORY: 2012, cc. 273, 277.