The term does not include any (i) policy of insurance, (ii) insurance binder, (iii) policy endorsement, (iv) automobile As used in this section, “certificate of insurance” 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’s property or casualty insurance coverage. The amendment, which is codified within Virginia’s Unfair Practices law, applies to all producers, insurers, and certificate holders, as well as all certificates of insurance summarizing coverage on risks within the Commonwealth of Virginia. Virginia Code section 38.2-518, which became effective July 1, 2012, prohibits any person from issuing a certificate of insurance containing any false or misleading information regarding the scope of the policy’s coverage. Virginia has amended its law to more closely regulate the issuance of certificates of insurance related to Virginia risks.
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