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Results for content tagged as Policy forms

1.

May 16, 2013 - A new law in Colorado allows insurers to provide policies, endorsements, and explanatory or advertising materials in another language provided that an English language version of each is provided at the same time.The law takes effect Aug. 7, 2013. Under the law, non-English versions of documents and materials are deemed to be in compliance with Colorado laws and regulations if an insurer certifies them to be translated from English-language versions that are in compliance. An insurer must ma...
http://www.aaisonline.com/AAISFrame/ConnectFrame/AdvisoryFrame/tabid/143/ArticleID/612/Colorado-Allows-Use-of-Non-English-Policies.aspx

2.

May 2, 2013 - A new law in Arizona, which takes effect Aug. 21, 2013, allows insurers to post policies and endorsements on their websites, in lieu of mailing or delivering such forms to insureds, under the following conditions: Forms must not contain personal or privileged information; Forms must be accessible on the insurer's Internet website for as long as the policy and endorsements remain in use; Forms must be accessible for a period of 5 years after discontinued by insurer; The i...
http://www.aaisonline.com/AAISFrame/ConnectFrame/AdvisoryFrame/tabid/143/ArticleID/604/Arizona-Allows-Posting-of-Policies-in-Lieu-of-Mailing.aspx

3.

Feb 4, 2013 - ... to pay for wind and hail damage that is merely "cosmetic" under an exclusion developed by a national advisory organization. The American Association of Insurance Service (AAIS), an organization that develops policy forms and rating information used by more than 700 property/casualty insurers, recently announced that it is filing a "Cosmetic Damage Exclusion" under its Homeowners Program in most states. The...
http://www.aaisonline.com/AAISFrame/ConnectFrame/PressReleasesFrame/tabid/165/ArticleID/572/AAIS-to-File-New-“Cosmetic-Damage”-Exclusion-Option-in-Homeowners.aspx

4.

Jan 31, 2013 - The Montana Commissioner of Securities and Insurance (CSI) recently issued an advisory memorandum specifying requirements for defense cost provisions. The directive applies prospectively, and does not affect forms currently on file with the CSI. Under the directive, forms defined as "personal insurance " under Montana statute cannot limit defense cost coverage or reduce available policy limits by incurred defense expenses. Non-personal insurance forms providing at least $1 million in aggregat...
http://www.aaisonline.com/AAISContent/tabid/86/ArticleID/569/Montana-Specifies-Defense-Coverage-Requirements.aspx

5.

Oct 30, 2012 - ... museum collections now have access to a new series of policy forms developed for that purpose. The American Association of Insurance Services (AAIS) recently introduced a Museums class of coverage in the AAIS Inland Marine Guide. AAIS is a national...
http://www.aaisonline.com/AAISFrame/ConnectFrame/PressReleasesFrame/tabid/165/ArticleID/532/New-Museum-Collection-Coverage-Forms-Available-from-AAIS.aspx

6.

Sep 16, 2012 - New forms, endorsements, and corresponding schedules for covering public or private infrastructure facilities have been released under the Miscellaneous Forms section of the AAIS Inland Marine Guide, AAIS's industry-leading resource of forms, rating, underwriting guidelines for the traditionally nonfiled classes of inland marine insurance. The base form, Infrastructure Property Coverage, covers the physical structures and equipment of an interrelated system that provides public or private serv...
http://www.aaisonline.com/AAISFrame/ConnectFrame/AdvisoryFrame/tabid/143/ArticleID/525/Infrastructure-Coverage-Forms-Added-to-Inland-Marine-Guide.aspx

7.

Aug 20, 2012 - Museums may not be a big business, but they are a stable one, according to Dewey Blanton, director of strategic communications for the American Association of Museums (AAM). Museums experienced strong growth in the years prior to the latest recession. Figures from the AAM suggest that the rate of growth in museum construction was greater than that of construction overall in the past three decades. "Today, there are an estimated 17,500 museums in the country," Blanton says. &ld...
http://www.aaisonline.com/AAISContent/tabid/86/ArticleID/514/Museum-Collection-Coverage.aspx

8.

Aug 20, 2012 - To state the obvious, homeowners policies for "owner-occupied" residences are written with the understanding that the people named as insureds do, in fact, live at the described premises. The underwriting and rating are carried out under the assumption that someone known to the insurer has an ownership stake in the property and is physically present to look after it. Homeowners insurers know that's not always the case, however. Many carriers have been hit by a claim, only to learn at...
http://www.aaisonline.com/AAISContent/tabid/86/ArticleID/513/Who’s-at-Home.aspx

9.

May 11, 2012 - Deborah Summerlin, AAIS vice president of insurance lines, addressed the annual CPCU Society Reinsurance Interest Group Symposium in May 2012 in downtown Chicago. In her address on "Recent Innovations in Advisory Organization Filings," Debi focused on AAIS's recent initiatives to develop more refined rating plans, and touched upon some considerations in policy language. Click below for: A PDF of her presentation An mp3 audio file of her comments
http://www.aaisonline.com/AAISContent/tabid/86/ArticleID/469/Debi-Summerlin-Addresses-Reinsurance-Interest-Group-Symposium.aspx

10.

Mar 29, 2012 - Wheaton, Ill., March 29, 2012--Property/casualty insurers will soon have access to newly revised policy forms, endorsements, and a multistate manual for insuring small business accounts. These resources have been filed with insurance regulators in nearly all states as a comprehensive revision of the Businessowners Program (BOP) developed and maintained by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms and rating information...
http://www.aaisonline.com/AAISFrame/ConnectFrame/PressReleasesFrame/tabid/165/ArticleID/460/AAIS-Revises-Businessowners-Forms-Endorsements-and-Manual.aspx