AAIS Product Advisory - March 28, 2003

"Product Advisory" identifies all AAIS bulletins issued this week and includes other information of interest to property/casualty insurers. Link here for Product Advisory from previous weeks:
http://www.AAISonline.com/General/advisory/pa-list.htm

BOATOWNERS PROGRAM TOPIC OF APRIL 3rd WEB SEMINAR
AAIS will hold a Web seminar 10 a.m. Central time (11 a.m. Eastern) on April 3 to describe the AAIS Boatowners Program, the only standardized program of forms and rating information available to insurers for insuring small, privately owned watercraft. For more information and to sign up for the program, go to
http://www.aaisonline.com/communications/webinar.htm

STATE-SPECIFIC TERRORISM INFORMATION POSTED
Information regarding the AAIS certified filings has been posted for all 52 jurisdictions. Non-certified filings have been submitted in 48 jurisdictions and approved in 37. State-specific filing information related to compliance with the federal terrorism reinsurance program is posted at:
http://www.AAISonline.com/terror/StateAction.htm

AAIS Q&A SERVICE
Is coinsurance required with the AAIS Commercial Output Policy (COP) when the policy is written on a blanket basis? For the answer, go to
www.AAISonline.com, and click on AAIS Q&A Library, Question 16.

UPDATES ON AAIS COUNTRYWIDE FILINGS:
www.AAISonline.com/Ins_lines/status/ilsrl.htm

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BULLETINS BY CATEGORY
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TERRORISM UPDATES - Bulletins listed by State
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COUNTRYWIDE
Dwelling Properties, Personal & Premises Liability, & Personal Umbrella
Bulletin 03-0142
Certified Terrorism Loss Endorsement and Rules Filed

Filings pertaining solely to policies covering dwellings regularly rented or held for rental to others submitted on a 'file and use' basis effective April 1, 2003. Go to: http://AAISonline.com/terror/Bulletin/03-0142.htm

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COMPLIANCE - Bulletins listed by State
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ILLINOIS
Artisans, Businessowners, Commercial Inland Marine,
Commercial Properties, Contractors and Developers Output

Mine Subsidence and Revised Amendatory Endorsements Approved
Bulletin 03-0128

Effective date July 1, 2003.
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ILLINOIS
Inland Marine Guide
Revised State Amendatory Endorsements Available - Compliance Information for Non-Filed Inland Marine Classes
Bulletin 03-0129

Revised endorsements update the cancellation and nonrenewal condition and amend misrepresentation condition. See Company Action for filing requirements.
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LOUISIANA
Inland Marine Guide
Revised Amendatory Endorsements
Bulletin 03-0133

For use with the traditional non-filed Inland Marine classes (the AAIS Inland Marine Guide). See Company Action for filing requirements.
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VIRGINIA
Commercial Umbrella
Revised State Amendatory Endorsement Approved
Bulletin 03-0132

Effective date June 1, 2003.
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PROGRAM UPDATES - Bulletins listed by Line of Insurance
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ARTISANS, BUSINESSOWNERS, COMMERCIAL LIABILITY
Texas
Bulletin 03-0131

Construction Defects and EIFS Endorsements Available; Mold Not Available
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COMMERCIAL OUTPUT
(2 Bulletins)

Massachusetts   Bulletin 03-0126   Revision 3.0 Approved
New Hampshire   Bulletin 03-0134   Revision 3.0 Approved

Effective dates June 1, 2003. Refer to Company Action for instructions on how to adopt these filing.
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FARMOWNERS, HOMEOWNERS, MOBILE-HOMEOWNERS
Maryland
Bulletin 03-0111
Identify Fraud Expense Coverage Option Approved

Effective date July 1, 2003.
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FARM PROPERTIES
Michigan
Bulletin 03-0135
Manual Revision 4.0 Approved

Effective date July 1, 2003.
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HOMEOWNERS
Countrywide
Bulletin 03-0125
New Home and Age of Systems Rating Plan

Status report distributed. Revision 3.3 approved for use in Georgia.
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HOMEOWNERS
Countrywide
Bulletin 03-0130
2.0 Edition Primary Forms Approved in Texas

For the first time, AAIS forms can be used to issue Texas homeowners policies.
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AAIS helps more than 600 property/casualty insurers compete in their markets by providing cost-effective technical services, including forms and manuals, and product development, actuarial, statistical, filing, and software support.
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Subscribers to http://www.AAISdirect.com may view and download these bulletins immediately.

Companies that do not currently use an AAIS program referenced here can request additional information from Rick Anderer at richarda@AAISonline.com or 800/564-AAIS x222.

Feel free to forward the AAIS Product Advisory to anyone. To subscribe to AAIS Product Advisory, go to www.AAISinfo.com. To unsubscribe or change your e-mail subscription, contact Pat Peters at patp@AAISonline.com or 800/564-AAIS x289.

Contact Product Advisory at info@AAISonline.com.
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