On February 7, 2013, the New Jersey General Assembly
introduced the Certificates of Insurance Act (“Act”) (Assembly No. 3731). The
proposed Act would apply to all
certificates of insurance issued in connection with property, operations, or
risks. The Act provides that
a person shall not prepare, issue, request, or require the issuance of a
certificate of insurance on property, operations, or risks located in this
State unless: (1) the certificate of insurance form has been filed with and
approved by the Commissioner of Banking and Insurance; or (2) the specific
content and wording of the certificate of insurance form are established by any
federal law or regulation or any law or regulation of New Jersey.
Significantly, the Act also specifies that a certificate of insurance shall not be
considered to be a policy of insurance, shall not have the effect of amending,
extending, or altering the coverage provided for in the referenced policy of
insurance, and shall not confer new or additional rights to any person beyond
those provided for in the referenced policy of insurance.
Download NJ Assembly Bill No. 3731
