19 Miss. Code. R. 5-5.04 - Requirements

A. No insurer or producer may issue a binder, certificate of insurance, indemnity agreement or any other similar type of instrument which either affirmatively or negatively amends, extends or alters the coverage provided by its approved issued forms and endorsements.

B. Each insurer or producer not using the standard ACORD or ISO Form "Certificate of Insurance", as filed with and approved by the Commissioner, shall file with the Commissioner for approval prior to use the form of the certificate of insurance or binder which will be used by such insurer or producer.

C. Upon filing for approval by the Commissioner, each binder or certificate of insurance shall contain the following or a similar statement: "This certificate of insurance neither affirmatively nor negatively amends, extends, or alters the coverage afforded by policy number _____________ issued by _____________ ."

D. No binder, certificate of insurance, indemnity agreement or any other similar type of instrument shall contain references to construction or service contracts or insurance requirements for the purpose of defining or amending coverage afforded by the policies to which the certificate makes reference. No certificate of insurance may be used to define, amend, extend, restrict or alter coverage afforded by the policies to which the certificate of insurance makes reference.

E. No insurer or producer doing business in Mississippi shall have the authority to issue an "Agent's Opinion Letter" or any other similar correspondence purporting that an insurance policy provides coverages which the policy does not provide.

This Regulation shall not apply to or otherwise affect duly issued endorsements to policies.

Notes

19 Miss. Code. R. 5-5.04

Miss. Code Ann. §§ 83-5-29 through 83-5-51(Rev. 2011); 83-17-1 through 83-17-89 (Rev. 2011)