ACORD 24 Special Conditions, Certificate Holder Cancellation and Signature
SPECIAL INSTRUCTIONS / OTHER COVERAGES
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| Instructions ACORD 24 Certificate of Property Insurance |
In the Special Conditions / Other Coverages section you should type in any text needed to describe policy conditions - limitations or extensions - which may not have been explained in this form.
If you are providing other coverage for this property beyond the coverages listed in the section above this describe those here also.
If you need extra space use the ACORD 101 Additional Remarks Schedule.
CERTIFICATE HOLDER
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| ACORD 24 Certificate of Property Insurance Instructions |
CANCELLATION and SIGNATURE
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| How to complete the ACORD 24 Certificate of Property Insurance |
CANCELLATION - The wording is intended to advise the certificate holder that regardless of any wording added to this certificate or to any other document that is not the actual policy, the policy terms, conditions and provisions apply and cannot be altered.
This can create a problem. Years ago some certificate holders would insist on wording in the certificate which extended the notice of cancellation times and promised to deliver a notice to the certificate holder. Many of these institutions had this wording and these rules in their manuals. When the current employees - who did not write the rules and had no authority to change the rules of their organization - had to accept a certificate they could be inflexible about this issue. Your job is to explain that is no longer an option and they do need to get their rule book changed.
SIGNATURE - You - the licensed agent sign in this spot.
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