Elany issued Bulletin No. 2019-21 waring about forged policy documents. They remind brokers and policy filers that all declarations pages and cover notes must be submitted for stamping.
“Both Section 2118 and Regulation 41 state that it is unlawful for an excess line broker to deliver an excess line insurance policy declarations page that does not bear the “stamp” applied by the excess line association. The ELANY “stamp” indicates that the excess line transaction, submitted by the excess line broker, was reviewed by ELANY and determined to be in compliance with all applicable excess line laws and regulations in New York. “ELANY Bulletin No. 2019-21 – August 8, 2019
Forging policy documents, including copy and pasting the “stamp” is an unwise decision.