Ballot 121 – EV Guidelines Insurance Requirements(failed)

Ballot overview

• Ballot 121 proposed changes to EV Guidelines Section 8.4 on insurance requirements.
• The motion would have required each CA to maintain commercial general liability insurance and professional liability/errors and omissions insurance, with specified minimum coverage amounts and insurer rating requirements.
• The motion also allowed self-insurance if a CA had at least 500 million US dollars in liquid assets, audited financial statements from the past twelve months, and a quick ratio of at least 1.0.
• The ballot text argues that the existing insurance requirements were not effective, were North America-centric, could be expensive for smaller CAs, and did not meaningfully protect relying parties or customers.

Ballot status

• Voting closed on Ballot 121.
• The page states that Ballot 121 failed.
• The evidence gives the review period and voting period dates, but the ballot did not become normative because it failed.

Dates stated in the evidence

• Review period: 2014-04-23 2200 UTC to 2014-04-30 2200 UTC.
• Voting period: 2014-04-30 2200 UTC to 2014-05-07 2200 UTC.