September 10, 2008


The 2008
AAIS Boatowners Program

Boatowners 2008
boatowners



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NEW AND REVISED ENDORSEMENTS
ISSUED FOR INLAND MARINE GUIDE

AAIS recently released several new or revised endorsements and corresponding schedules for the Inland Marine Guide.

The Guide is a resource of policy forms, rating procedures, underwriting guidelines, and other information for the traditionally nonfiled classes of inland marine insurance. Among the new endorsements are:

  • A Motor Truck Cargo endorsement that can be used to limit coverage to vehicles that are specifically scheduled;

  • A Transit endorsement that can be used to put transit coverage on a reporting basis;

  • General endorsements for excluding coverage for loss at selected locations caused by a named tropical storm or hurricane, or for excluding loss caused by windstorm or hail.

In addition, a new sewer backup coverage endorsement has been released so that coverage can now be offered separately from the revised earthquake and flood coverage endorsement.

These endorsements are available for immediate use in most states, and will be filed in states that do not exempt the traditionally nonfiled classes from filing requirements. The proposed effective date of the filings is January 1, 2009

For information on affiliating with AAIS for use of the Inland Marine Guide, contact Rick Maka, director of marketing, at rickm@AAISonline.com, or by calling 800-564-AAIS.


MAPLE TECHNOLOGIES DEVELOPING SYSTEM
FOR AAIS AGRICULTURAL OUTPUT PROGRAM

Maple Technologies, LLC, Manalapan, N.J., is currently developing a client implementation for a large global insurance carrier that will be implementing the AAIS Agricultural Output Program (AgOP) in the first quarter of 2009.

Maple Technologies is a software development company whose primary focus is web application development for the insurance industry.

Maple's main product, Aspire, is a comprehensive web-based Internet insurance policy and claim management system. Through integration of web and database technologies, Aspire allows real time access to data while offering responsive policy and claim management capabilities.

To learn about Maple Technologies, contact Nicholas Teetelli at nicholas.teetelli@maple-tech.com or by calling (732) 863-5523.

For information on affiliating with AAIS for use of the AgOP, contact Rick Maka, AAIS director of marketing, at rickm@AAISonline.com or by calling 800-564-AAIS.


OCT. 9 WEB SEMINAR TO DESCRIBE
2008 AAIS BOATOWNERS REVISION

AAIS will host a web seminar at 10 a.m. Central time (11 a.m. Eastern) on Thursday, Oct. 9 describing the recent comprehensive revision of its Boatowners Program.

Participation is open to individuals from companies affiliated with AAIS for use of one or more of its insurance line programs. Individuals from organizations not affiliated with AAIS can request permission to participate by contacting Joyce Tignino, vice president of marketing and industry relations, at joycet@AAISonline.com or by calling 800-564-AAIS.

To register,

Pamela Nykaza, AAIS senior product development specialist for inland marine, will describe features of the program's base form and selected endorsements. She will also provide a brief overview of the manual rules and rating procedure. Nykaza is the principal developer of the latest revision of the AAIS Boatowners Program, recently filed countrywide and approved in 39 states so far.

The AAIS Boatowners Program, first introduced in the early 1990s, is the property/casualty industry's first standardized program for insuring small- privately owned watercraft.

Under the latest revision of the program, coverage can be written for property only, liability only, or property and liability; a policy can be written on a stand-alone basis or as an endorsement to another personal lines policy. Uninsured boaters coverage is automatically provided under every policy written to provide liability coverage.


AAIS STAFF AVAILABLE AT
UPCOMING INDUSTRY EVENTS

AAIS staff members will be in attendance at several upcoming industry events:


Transmitted by the American Association of Insurance Services, 1745 S. Naperville Road, Wheaton, IL 60189.
 


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