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The last
AAIS Advisory reported
that Larris Larsen, assistant vice president for compliance, was to
give a report to a working group on readability of the Wisconsin
insurance department. Following that
presentation, Larsen was invited to join the working group, where he can
voice the preferences of AAIS and its affiliates on matters affecting
their products. (Also, the Wisconsin insurance commissioner is on a
committee of the National Association of Insurance Commissioners that
may consider recommending changes to readability requirements.)
Anyone wishing to contact Larsen with comments or concerns about
readability requirements can do so by sending an e-mail to
larrisl@AAISonline.com, or
by calling 800-564-AAIS, ext. 288.
Aviva Canada, Scarborough, Ont., is the first
Canadian company to sign up to use the AAIS Inland Marine Guide.
Inland marine insurance has been written in Canada
since the 19th century, but the line did not receive the intensive
development there that it did under unique regulatory conditions in the
U.S.
While the policy forms and rating procedures in the
Guide are developed for the U.S. market, its wordings, rating
considerations, and underwriting guidelines can be useful references for
companies operating anywhere.
For an audio file with discussion of inland marine
featuring Toronto broker Stephen Oxley and Robert Guevara, AAIS vice
president of inland marine,
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, ext. 222.
ECCA Payroll + Business
Services, Erie, Pa., has added two AAIS affiliated companies for its
"Mutual Expert" rating and policy management software:
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Wall Rose Mutual Ins. Co., Aliquippa, Pa., which
offers AAIS-based homeowners, mobile-homeowners, farmowners, farm
properties, dwelling properties, and personal/premises liability
policies.
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Hannahstown Mutual Ins. Co., Saxonburg, Pa.,
which offers the lines listed above, plus commercial liability,
commercial property, businessowners, and home-based business
coverage. Hannahstown Mutual has added agency access via Mutual
Expert's "Web Window."
Two other AAIS affiliates that have added new
features to their ECCA service.
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Juniata Mutual Ins. Co., McAlisterville, Pa.,
added a document management system interface between Mutual Expert
and DocFinity and agency access via Mutual Expert's "Web Window."
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Windsor-Mount Joy Mutual Ins. Co., Ephrata, Pa.,
also added agency access via Web Window plus a document management
interface between Mutual Expert and ImageRight.
ECCA is an associate member of AAIS. For information on associate membership,
contact Rick Maka at rickm@AAISonline.com or by calling 800-564-AAIS, ext. 222.
A recent
bulletin from the Kentucky Department of Insurance notifies
property/casualty insurers that the state's premium surcharge will
increase from $1.50 to $1.80 per $100 of premium or other charges.
The increase take effect with policies written
or renewed on or after April 1, 2010.
A
directive from the Louisiana Department of Insurance reminds
insurers that May 31, 2010 is the deadline for initial data reports to
be filed under the state's Periodic Online Insurance Data Reporting
System (POIDRS).
By May 31, all admitted and surplus lines
property/casualty carriers must report quarterly data from the past
24 quarters (2004-09), plus the first quarter of 2010.
Companies must the number of policies written,
cancelled, and non-renewed, and on the dollar amount of premium and
insurance in force. The data must be categorized by the type of
policy and type of coverage, and reported at the ZIP Code level.
After the initial reports have been submitted,
all future quarterly update reports will be due within two months of
the end of each calendar year.
Submissions to POIDRS require information not
captured in AAIS statistical plans, so companies will have to
respond on their own. The directive provides instructions for
signing on to the Louisiana department's "industry access portal,"
which includes links to POIDRS.
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Transmitted by the American Association of
Insurance Services, 1745 S. Naperville Road,
Wheaton, IL 60189. |
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www.AAISonline.com
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