Insurers can access exhibits from two recent web
seminars about complying with a new federal mandate for
reporting certain liability claims. The exhibits for those presentations
can be accessed from a
web page AAIS has created to provide information on Section 111
reporting to its member companies.
Under Section 111 of the 2007 Medicare, Medicaid,
and SCHIP Extension Act, liability insurers and other entities are
required to report all payments made for bodily injury and "med pay"
claims to persons enrolled in Medicare.
AAIS recently arranged for two providers of Section
111 consulting and solutions--Perr & Knight and Crowe Paradis--to
make presentations for AAIS companies.
AAIS programs affected by the liability claim
reporting mandate are:
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Personal Lines: Boatowners, Dwelling
Properties (Landlord's Package only), Homeowners, Mobile-Homeowners,
Personal & Premises Liability, and Personal Umbrella
-
Commercial Lines: Artisans,
Businessowners, Commercial Liability, and Commercial Umbrella
-
Farm & Ag Lines: Agricultural General
Liability, Farmowners, and Farm Umbrella
For more information on Section 111 reporting and
deadlines for compliance, go to
the website of the
Center for Medicare and Medicaid Services (CMS).
The May 2009 edition of the monthly FC&S
update includes a review and analysis of the Warehouse Operators Legal
Liability Coverage section of the AAIS Inland Marine Guide.
FC&S, a service of The National Underwriter Co., provides regular
analyses of standardized property/casualty coverage forms, including
those developed by AAIS.
The Inland Marine Guide is a leading resource
of policy forms, rating procedures, underwriting guidelines, and other
information for the traditionally nonfiled classes of inland marine
insurance. The Warehouse Operators Legal Liability Coverage section
provides a base form, nine endorsements, and six coverage schedules for
insuring warehouse operators' liability for property of others they
store.
For information on affiliating with AAIS for use of
the Inland Marine Guide, contact Rick Maka, AAIS director of
marketing, at rickm@AAISonline.com,
or by calling 800-564-AAIS, ext. 222.
Companies that use the AAIS
Inland Marine Guide and the AAISdirect
Internet service now have use of AAISdirect's
"shopping cart" feature.
Similar to what is offered by online retail
services, users of the Guide and AAISdirect can add
Microsoft Word or PDF documents to the download cart in groups or one at
a time. The items will remain in the cart while the user browses other
parts of AAISdirect, moves to other websites, or even logs off
AAISdirect. When the user returns to AAISdirect, the contents
of the cart will still be there.
For information on signing up for AAISdirect,
contact Rick Maka, AAIS director of marketing, at
rickm@AAISonline.com or by
calling 800-564-AAIS, ext. 222.
AAIS recently initiated
countrywide filing of a new endorsement for
applying a separate deductible for windstorm and
hail losses covered under policies based on the
AAIS Mobile-Homeowners (MHO) Program.
The endorsement is filed to support a new wind/hail
deductible rule filed as part of MHO program enhancements described in a
previous
Advisory.
A
recent
regulation from the
Mississippi Department of
Insurance, effective immediately, prohibits
insurers or producers from issuing any binder,
certificate of insurance, indemnity agreement,
or similar instrument that expands or restricts
coverage under the referenced policies.
In addition, the regulation requires insurers to
file on a prior-approval basis any certificates other than the
standardized certificates currently approved by the department. Each
certificate filed for approval must contain language stating that it
neither affirmatively nor negatively alters the coverage provided under
the reference policy.
Also, binders, certificates, indemnity agreements,
and similar instruments cannot make reference to contractual
arrangements or insurance requirements for the purpose of defining or
altering coverage.
Under an arrangement with the Reinsurance
Association of America (RAA), staff from AAIS member companies can
attend reinsurance education programs at RAA member rates.
The 2009
program lineup includes:
-
Re Contracts: The Art of Designing Reinsurance Contracts and
Programs, July 14-17;
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Re Underwriting: An Educational Forum for Underwriting
Professionals, July 30;
-
Re Claims: Reinsurance Claims Management, September 24-25; and
-
Re Finance: The ABCs of Financial Reporting & Analysis for
Property/Casualty Insurers and Reinsurers, October 7-8.
All of
these events are scheduled to be held in New York City.
For information about each program, or to register, go to
www.reinsurance.org/seminars. When registering, choose "member" as
your "registrant type" to get the tuition discount.
