AAIS will be revising sample notices in its umbrella insurance programs to incorporate instructions provided in an informational letter from the offices of West Virginia's insurance commissioner.
The instructions address the content of mandatory offers of coverage for damage or injury caused by uninsured/under-insured (UM/UIM) motorists. Forms promulgated for those offers are being modified following enactment of a new law increasing the minimum limits in auto policies to meet "proof of financial responsibility" standards.
AAIS program affiliates in affected lines will be informed by bulletin of AAIS filing action.
AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices are news summaries that paraphrase documents which should be consulted directly for complete, authoritative information.