ALASKA
Status report on compliance with the
Terrorism Risk Insurance Act of 2002
and related state regulatory policies

Regarding "certified" commercial 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.

NEW AND RENEWAL BUSINESS 
Posting date: 12/11/03, 1/5/04, 6/4/04

AAIS commercial lines programs filed on behalf of companies

AAIS endorsement used when coverage is provided under the federal Terrorism Insurance Program

Rating factor to accompany coverage endorsement

AAIS endorsement used when insured declines terrorism coverage
(New and Renewal Policies Only)

Fire following rating factor for SFP states 
Farm Properties FL 0600 01 04 No Manual On File FL 0610 02 04*

N/A
Farmowners FO 0600 01 04 No Manual On File FO 0610 02 04*

N/A
Personal & Premises Liability (Farm Only) GL 0310 01 04 .0100 GL 0320 02 04*

N/A
AAIS Effective Date: 1/1/04
Filing Number(s):

 

AAIS File No.

State File No.

Endorsements

 

 

       Farm Properties

 AAIS-2003-62FPF

 57166

       Farmowners

 AAIS-2003-62FOF

 57164

       Personal & Premises Liability

 AAIS-2003-62PPLF

 57168

Rating Information

 

 

       Personal & Premises Liability

 AAIS-2003-62PPLR

 57165

Company action:

Endorsements

Companies that have granted AAIS filing authority for forms and endorsements can adopt the endorsements without notifying the insurance department.

Rating Information

Companies that have granted AAIS filing authority for rating information can adopt the Personal and Premises Liability rating information without notifying the insurance department if they intend to use it without change.

However, companies that choose to depart from the AAIS filed rating information must notify the insurance department in writing as soon as possible.

*Special state-specific version applies.

Separate Line Item Disclosure Endorsement: (CL 0605 02 03)

 

AAIS File No.

State File No.

Program

 

 

       Farm Properties

 AAIS-2003-3FP

 53496

       Farmowners

 AAIS-2003-3FO

 54206

       Personal & Premises Liability

 AAIS-2003-3PPL

 53494

Effective Date: 2/11/03

Company Action:

Affiliated companies can adopt the endorsement, as filed, without taking any filing action.

 

Posting date: 11/12/03, 11/25/03, 6/4/04      

AAIS commercial lines advisory filings

AAIS endorsement used when coverage is provided under the federal Terrorism Insurance Program

Rating factor to accompany coverage endorsement

AAIS endorsement used when insured declines terrorism coverage

Fire following rating factor for SFP states 
Farm Umbrella

UM 0330 01 04

Refer to company

UM 0340 02 04*

N/A
AAIS Advisory Effective Date: 1/1/04
AAIS Filing Number(s): AAIS-2003-57 State File No: 56834
Company action: Each company that wishes to adopt the 2004 Farm Umbrella endorsements must do so by establishing an effective date and notifying the Insurance Department in writing.

AAIS does not develop rating information for the Farm Umbrella program. Companies must make a filing of any rating information that they independently develop.
*Special state-specific version applies.

Separate Line Item Disclosure Endorsement: (CL 0605 02 03)

 

AAIS File No.

State File No.

Program

 

 

       Farm Umbrella

 AAIS-2003-4FUP

 53508

Effective Date: 2/11/03

Company Action:

Affiliated companies can adopt the endorsement by establishing an effective date and notifying the insurance department in writing. Refer to the applicable Filing Number when corresponding with the Department.


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