| Posting date: 12/20/02, 1/28/03 (addl. info.),
3/1/04 |
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 |
| Agricultural Output |
CL 0600 12 02 |
.0275 |
CL 0620 12 02 |
.0096 |
| Artisans |
AP 0700 12 02 |
.0300 |
AP 0720 12 02 |
N/A |
| Businessowners |
BP 0750 12 02 |
.0275 |
BP 0770 12 02 |
.0069 |
| Commercial Inland Marine (filed classes) |
CL 0600 12 02 |
.0275 |
CL 0610 12 02 |
N/A |
| Commercial Liability |
GL 0250 12 02 |
.0300 |
GL 0260 12 02 |
N/A |
| Commercial Output |
CL 0600 12 02 |
.0275 |
CL 0620 12 02 |
.0096 |
| Commercial Output XL |
CL 0600 12 02 |
.0275 |
CL 0620 12 02 |
.0096 |
| Commercial Properties |
CL 0600 12 02 |
.0275 |
CL 0620 12 02 |
.0096 |
| Contractors & Developers Output |
CL 0600 12 02 |
.0275 |
CL 0620 12 02 |
.0096 |
| Crime |
CL 0600 12 02 |
.0275 |
CL 0610 12 02 |
N/A |
| Glass |
CL 0600 12 02 |
.0275 |
CL 0610 12 02 |
N/A |
| AAIS Effective Date: 12/20/02 |
| AAIS Filing Number(s): AAIS-2002-82 |
| Company action: Endorsements
Companies that have granted AAIS filing authority for forms and endorsements can
adopt the endorsements without notifying the insurance department. Companies that choose
not to adopt a filing must notify the insurance department as soon as possible.
Rating Information
Companies that have granted AAIS filing authority for rating information can adopt
this 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, including a decision not to adopt the rating information, must notify the
insurance department in writing as soon as possible.
Expedited Filing Transmittal
An Expedited Filing Transmittal Document For Terrorism Risk Insurance Forms and
Pricing must be included in order to receive expedited handling of any filing required
under these instructions. |
| Comments: Disclosure Notices
Affiliated companies can use the AAIS policyholder notices as filed with slight
modifications for individual policies or develop independent notices that contain the
information required by the Terrorism Risk Insurance Act. Companies that develop their own
notices are required to place them on file for informational purposes.
Separate Line Item Disclosure Endorsement (CL 0605 02 03)
AAIS Filing No.: AAIS-2003-3
Effective Date: 2/11/03
Company Action: Affiliated companies can adopt the endorsement, as filed,
without taking any filing action.
|
|
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 |
| Commercial Umbrella |
UM 0755 12 02 |
Refer to company |
UM 0765 12 02 |
N/A |
| AAIS Advisory Effective Date: 12/20/02 |
| AAIS Filing Number(s): AAIS-2002-84 |
| Company action: Endorsements
Each company that wishes to adopt these endorsements must do so by establishing an
effective date and notifying the Insurance Department in writing.
Rating Information
Companies must also submit related rating information independently.
Expedited Filing Transmittal
An Expedited Filing Transmittal Document For Terrorism Risk Insurance Forms and
Pricing must be included in order to receive expedited handling of any filing required
under these instructions. |
| Comments: Disclosure Notices
Affiliated companies that wish to adopt the AAIS policyholder notices as filed,
with slight modifications for individual policies, must do so by notifying the Insurance
Department in writing. Companies that develop their own notices are required to place them
on file for informational purposes. |
Separate Line Item Disclosure Endorsement (CL 0605 02 03)
AAIS Filing No.: AAIS-2003-4
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.
|
Regarding "non-certified" commercial losses
Non-certified terrorism losses are all commercial losses from acts of terrorism that
are not certified as such by the Secretary of the Treasury, and thus not covered by the
federal reinsurance program. These include, but are not necessarily limited to, acts
inspired, directed, and/or carried out by domestic U.S. groups or individuals.
| Posting date: 2/11/03, 3/1/04 |
AAIS commercial lines programs filed
on behalf of companies |
AAIS endorsement used to
exclude coverage for non-certified terrorism losses |
AAIS endorsement used to
exclude coverage for nuclear, biological, or chemical terrorism losses |
| Agricultural Output |
CL 0640 12 02 |
CL 0660 12 02 |
| Artisans |
AP 0740 12 02 |
AP 0760 12 02 |
| Businessowners |
BP
0790 12 02 |
BP 0810 12 02 |
| Commercial Inland Marine (filed classes) |
CL 0630 12 02 |
CL 0650 12 02 |
| Commercial Liability |
GL 0270 12 02 |
GL 0280 12 02 |
| Commercial Output |
CL 0640 12 02 |
CL 0660 12 02 |
| Commercial Output XL |
CL 0640 12 02 |
CL 0660 12 02 |
| Commercial Properties |
CL 0640 12 02 |
CL 0660 12 02 |
| Contractors & Developers Output |
CL 0640 12 02 |
CL 0660 12 02 |
| Crime |
CL 0630 12 02 |
CL 0650 12 02 |
| Farm Properties |
FL 0640 12 02 |
FL 0660 12 02 |
| Farmowners |
FO 0640 12 02 |
FO 0660 12 02 |
| Glass |
CL 0630 12 02 |
CL 0650 12 02 |
| Personal & Premises Liability (Farm Only) |
GL 0330 12 02 |
GL 0340 12 02 |
| AAIS Effective Date: 9/1/03 |
| AAIS Filing Number(s): AAIS-2002-83 |
Company action:
Endorsements
Companies that
have granted AAIS filing authority for forms and endorsements can adopt the endorsements
without notifying the insurance department.
Rules Supplement
Companies that
have granted AAIS filing authority for rules can adopt the supplement without
notifying the insurance department if they intend to use it without change.
However,
companies that choose to depart from the AAIS filed supplement must notify the insurance
department in writing as soon as possible. |
| Comments: Manual rules that address the use of the
various terrorism endorsements were filed in conjunction with the endorsements that
exclude loss caused by non-certified acts of terrorism. The rules filed in this state
indicate that the Commercial Inland Marine program (Filed Classes) is not subject to the
Standard Fire Policy statutes that apply to policies providing property coverage for loss
caused by fire. (See the Sample SFP Terrorism Rules Supplement attachment to Bulletin
02-0550 at this Web site). |
