With the passage of E-SIGN
, both unsecure signatures, such as graphics attached to a document, and more secure digital signatures can be legally binding.
nor the UETA gives the recipient any right to a free paper copy of the record in the event the recipient is unable to access the information electronically.
, all signatures, contracts, or other records of transaction executed in electronic form can be valid and enforceable.
states that insurance agents or brokers acting under the direction of a party that enters into a contract by means of an electronic signature "may not be held liable for any deficiency in the electronic procedures agreed to by the parties" if the agent or broker: (1) has not engaged in negligent, reckless or intentionally malicious conduct; (2) was not involved in the development or establishment of such electronic procedures; and (3) did not deviate from such procedures.
Act is technology-neutral, meaning that it does not mandate the use of any particular technology for e-signatures.
Insurance companies need to increase efficiency; the new E-sign
bill will help that happen.
"Basically, as a credit manager, I send you my credit application and I want you to fill it out and e-sign
it," Murray said.
Based in Basecamp, within the city's Baltic Triangle, E-sign
creates a unique identity which is stored securely online making it more difficult to be forged or used in fraudulent activity.
"Now, over ninety-nine percent of all our business is done using e-sign
technology, and our volumes and revenues have doubled."
The unnamed company, which provides consumer loans and credit-related products to more than half a million families in the US, has chosen the e-Sign
Enterprise solution from Silanis Technology Inc.
Kirkland, Washington-based Northwest Multiple Listing Service (Northwest MLS) has chosen London, Ontario-based Instanet Solutions Inc.'s Authentisign[TM], an integrated digital signature platform, as its Electronic Signatures in Global and National Commerce Act (E-SIGN
) product of choice.
The radiologist worklist shows completed transcriptions ready to review, e-sign