| Posting date: 1/29/03 |
AAIS commercial lines
programs filed on behalf of companies |
AAIS
endorsement used when coverage is provided for certified terrorism loss under the federal
Terrorism Insurance Program |
Rating factor
to accompany coverage endorsement when certified coverage is provided |
AAIS
endorsement used when the insured declines coverage for certified terrorism loss (New and
Renewal Policies Only) |
Fire
following SFP rating factor used when coverage for certified terrorism loss is declined |
| Agricultural Output |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Artisans |
AP 0700 02 03 |
.0150 |
AP 0720 02 03 |
N/A |
| Businessowners |
BP 0750 02 03 |
.0150 |
BP 0770 02 03 |
.0038 |
| Commercial Inland Marine (filed classes) |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Commercial Liability |
GL 0250 12 02 |
.0150 |
GL 0260 12 02 |
N/A |
| Commercial Output |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Commercial Output XL |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Commercial Properties |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Contractors & Developers Output |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Crime |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Farm Properties |
FL 0600 02 03 |
.0150 |
FL 0620 02 03 |
.0053 |
| Farmowners |
FO 0600 02 03 |
.0150 |
FO 0620 02 03 |
.0038 |
| Glass |
CL 0600 02 03 |
.0150 |
CL 0620 02 03 |
.0053 |
| Personal & Premises Liability (Farm Only) |
GL 0310 12 02 |
.0150 |
GL 0320 12 02 |
N/A |
| AAIS Effective Date: 1/29/03 |
| AAIS Filing Number(s): AAIS-2002-82F and
AAIS-2002-82R |
| 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
A GA-specific Expedited Filing Transmittal For Terrorism Losses must be included
in order to receive expedited handling of any filing required under these instructions. In
addition, any filing that increases the premium charged must be filed with the Governor's
Office of the Consumers' Insurance Advocate. |
| Comments: Disclosure Notices
NOTE: Only AAIS Notices CL 1025 12 02 and CL 1045 12 02 should be used in Georgia.
Affiliated companies can use the AAIS policyholder notices 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 NOT required to place them on file. |
| |
AAIS
commercial lines advisory filings |
AAIS
endorsement used when coverage is provided for certified terrorism loss under the federal
Terrorism Insurance Program |
Rating factor
to accompany coverage endorsement when certified coverage is provided |
AAIS
endorsement used when the insured declines coverage for certified terrorism loss |
Fire following SFP rating
factor used when coverage for certified terrorism loss is declined |
| Commercial Umbrella |
UM 0755 12 02 |
Refer to company |
UM 0765 12 02 |
N/A |
| Farm Umbrella |
UM 0330 12 02 |
Refer to company |
UM 0340 12 02 |
N/A |
| AAIS Advisory Effective Date: 1/29/03 |
| 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
A GA-specific Expedited Filing Transmittal For Terrorism Losses must be included
in order to receive expedited handling of any filing required under these instructions. In
addition, any filing that increases the premium charged must be filed with the Governor's
Office of the Consumers' Insurance Advocate. |
| Comments: Disclosure Notices
NOTE: Only AAIS Notices CL 1025 12 02 and CL 1045 12 02 should be used in Georgia.
Affiliated companies can use the AAIS policyholder notices 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 NOT required to place them on file. |
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.
The Georgia Department of Insurance is currently not approving exclusions for
non-certified terrorism loss. Until such time as this position changes, AAIS will not be
submitting any filings that address non-certified terrorism loss.
