ALASKA
DWELLING
PROPERTIES AND PERSONAL & PREMISES LIABILITY (GL-600)
PROGRAMS
Status report on compliance with the Terrorism Risk Insurance
Act of 2002 (the Act) and related state regulatory policies
Regarding "certified" terrorism losses
For an act of terrorism to be certified by the U.S. Secretary of
the Treasury (and thus trigger coverage under the federal
terrorism reinsurance program), it must cause more than $5
million in losses and be inspired, directed, and/or carried out
on behalf of a foreign person or interest.
The applicability of AAIS's Dwelling Properties and
Personal/Premises Liability terrorism endorsements will depend
on whether rental properties insured by such policies are deemed
to be commercial insurance for purposes of the federal program.
For an explanation, see Bulletin
03-0142.
| State Name:
Alaska |
Posting date:
3/31/03, 4/22/03 additional info. |
| |
Ed date/
Rev # |
Program |
AAIS effective date |
AAIS
filing # |
Insurance dept. filing #,
if any |
| End't |
03 03 |
DP |
4/1/03 |
AAIS-2003-11DPF |
54288
|
| |
|
PPL |
4/1/03 |
AAIS-2003-11PPLF |
54289
|
| Rules |
1.0 |
DP |
No manual on file |
|
|
| |
|
PPL |
4/1/03 |
AAIS-2003-11PPLR |
54290
|
| Special company action: For
the Dwelling Properties program only, with respect to
rules, companies are obligated to take independent filing
action as AAIS does not make available rules or rating
information for this state. Therefore, no manual
supplement was filed for this program. |
| Comments: |
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