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#20 for policy changes. All requests will be effective
only after review and approval by the Plan. NO PRODUCER HAS THE
AUTHORITY TO BIND THE FAIR PLAN TO ANY CHANGES.
Increase(s) in Amount of Insurance
A request for an increase in the amount of insurance must be explained
under the remarks section of Form
#20 and provide sufficient documentation for the increase.
Decrease(s) in Amount of Insurance
A request for a decrease in the amount of insurance will be effective
the date the request is received in the Plan AND REQUIRES THE
Assignment of Interest (Change of Ownership)
We will NO LONGER endorse a new owner (named insured) onto an
existing policy. The new owner must complete and sign an Application
for Basic Property and Liability Insurance (ACORD
66 CT or Form 10). We will release a new quotation and
issue a policy when we receive the full annual premium. Amounts
of insurance will be written at current building values.
#20 for removal permit (moving contents to a new location),
change of insured or producer address, adding new perils, change
of mortgagee or loss payee, etc. The form explains what we need
for certain changes.
Change in Producers
No Producer of Record letter is required at renewal.
We will no longer be endorsing policies with a producer change
mid-term. The original policy has to be returned for cancellation.
The new producer has to submit a new application with a Producer
of Record letter, a quotation will be provided and coverage will
become effective when we receive the total annual premium.
This procedure should not create a lapse in coverage for the insured.
YOU CAN USE THE ENDORSEMENT REQUEST FORM WITHIN THIS WEBSITE
- IF WE DO NOT NEED SIGNATURES OR FURTHER DOCUMENTATION.
|Connecticut FAIR Plan - 77 Hartland Street, Suite 308 - P.O. Box 280200 - East
Hartford, CT 06128-0200
Telephone: (860) 528-9546 - Fax: (860) 282-0070