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CALIFORNIA
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: California Posting date: 3/31/03, 4/24/03 (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-2003-11DP

 03-2496
    PPL

4/1/03

AAIS-2003-11PPL

 03-2500
Rules

1.0

 DP

No manual on file.

    
    PPL

No manual on file.

    
Special company action: With respect to the endorsement, all companies must submit a reference filing which establishes an effective date and includes the necessary completed California filing forms.
Comments: CDI numbers will be posted here as soon as they are available from the California Department of Insurance.


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