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AAIS
Product Advisory - April 29, 2003
Florida Rating Information for Certified Terrorism Losses Revised
Effective June 1, 2003
The rating information used to calculate the premium charge when
certified terrorism coverage is provided has been revised at the
request of the Florida Insurance Department. The revised rating
information, which is now shown on the AAIS open web site at http://www.aaisonline.com/terror/FL.htm,
is effective on June 1, 2003. Companies are not required to adjust
the certified terrorism premium charge that was calculated on the
basis of the original terrorism rating information that was shown
on the AAIS web site. However, companies should begin using the
updated rating information for all policies effective on or after
June 1, 2003.
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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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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.
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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