Brokers


 

Broker System

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Insurance Brokers are not agents or representatives of the FAIR Plan in any respect and may not bind coverage on behalf of the FAIR Plan nor are they authorized to transact insurance coverage, or receive information from others on behalf of the FAIR Plan. Endorsements to FAIR Plan policies must be signed by an employee of the FAIR Plan authorized to do so, and no endorsement may be validly issued or signed by any other person on behalf of the FAIR Plan.

In transacting insurance with, but not on behalf of the FAIR Plan, all licensed insurance agents and brokers act as insurance brokers for applicants and policyholders, not as agents of the FAIR Plan.

 

Brokers do not have the authority to issue Evidence of Insurance (EOI) forms for FAIR Plan coverage under any circumstances.