Search CompleteMarkets

... it should be the insured's legal responsibility to advise of cancellation, not the insurer's and certainly not the agent's. (Keep in mind that even the ISO additional insured endorsements don't add provisions for notice of cancellation. This is just one of the reasons that OCP and Railroad Protective Policies are sometimes used rather than AI endorsements.) Related to this issue is the ACORD wording that the issuing insurer will endeavor to' provide notice of cancellation. As stated in the ACORD form, the certificate is neither part of the policy, nor ... confusion, distress, and work. So, to quote an old Karl Malden commercial for American Express travelers checks, What will you do, what will you do? ' Four primary ACORD forms are used to prove that insurance exists: ACORD 24 ? Certificate of Property Insurance ACORD 25-S ? Certificate of Liability Insurance ACORD 27 ? Evidence of Property Insurance ACORD 75-S ? Insurance Binder This article doesn't address the ACORD 75-S or ACORD 27 (the latter of which says that the company will give notice of cancellation or policy changes that would ... the additional interest if required to do so by the policy or law) . Instead, we'll focus on the ACORD Certificates 24 and 25-S, particularly the latter. Both of these forms include three key provisions: This certificate is issued as a matter of information only and confers no rights upon the certificate holder. This certificate does not amend, extend or alter the coverage afforded by the policies below. This statement attempts to establish that the certificate holder has no contractual rights under the certificate. It also points out that, regardless of ...