| Posting date: 12/20/02, 1/31/03 (addl. info),
3/1/04, 8/24/04 |
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 |
| Commercial Inland Marine (filed classes) |
CL 0600 12 02 |
.0175 |
CL 0610 12 02 |
N/A |
| Commercial Liability |
GL 0250 12 02 |
.0150 |
GL 0260 12 02 |
N/A |
| Commercial Output |
CL 0600 12 02 |
.0175 |
CL 0620 12 02 |
.0061 |
| Contractors & Developers Output |
CL 0600 12 02 |
.0175 |
CL 0620 12 02 |
.0061 |
| Crime |
CL 0600 12 02 |
.0175 |
CL 0610 12 02 |
N/A |
| Glass |
CL 0600 12 02 |
.0175 |
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.
Rating Information
Companies affiliated for rating information may satisfy their obligation to file
rating information by referencing the AAIS filing and by indicating their proposed
effective date. Companies must make a filing within six months
after the AAIS date. If a company modifies the AAIS approved manual or chooses to not
adopt the rating information, they must provide the Hawaii Insurance Division with
supporting documentation for their decision. Use the filing form entitled Insurer Filing
Adoption of AAIS Supplemental Rating Information to reference the AAIS filing.
(CLICK
HERE to link to this form.)
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. |
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.
| NEW AND RENEWAL BUSINESS |
| Posting date: 1/30/03, 8/24/04 |
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 |
No Program Currently On File |
| Artisans |
No Program Currently On File |
| Businessowners |
No Program Currently On File |
| Commercial Inland Marine (filed classes) |
CL 0160 12 02 |
CL 0650 1202 |
| Commercial Liability |
GL 0270 12 02 |
GL 0280 12 02 |
| Commercial Output |
CL 0640 12 02 |
CL 0660 12 02 |
| Commercial Output XL |
No Program Currently On File |
| Commercial Properties |
No Program Currently On File |
| Contractors & Developers Output |
CL 0640 12 02 |
CL 0660 12 02 |
| Crime |
CL 0630 12 02 |
CL 0650 12 02 |
| Farm Properties |
No Program Currently On File |
| Farmowners |
No Program Currently On File |
| 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: 7/2/04 |
| 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
Companies affiliated for rules may satisfy their obligation by
referencing the AAIS filing and by indicating their proposed effective
date. Companies must make a filing within six months
after the AAIS date. If a company modifies the AAIS approved manual
rules or chooses not to adopt the supplement, they must provide the
Hawaii Insurance Division with supporting documentation for their
decision. Use filing form entitled Insurer Filing Adoption of AAIS
Supplemental Rating Information to reference the AAIS filing. (CLICK
HERE to link to this form.) |
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). |
AAIS commercial lines advisory filings
|
AAIS endorsement used to
exclude coverage for non-certified terrorism losses |
AAIS endorsement used to
exclude coverage for nuclear, biological, or chemical terrorism losses |
| Commercial Umbrella |
UM 0775 12 02 |
UM 0785 12 02 |
| Farm Umbrella |
No Program Currently On File |
| AAIS Advisory Effective Date: 7/2/04 |
| AAIS Filing Number(s): AAIS-2002-85 |
| 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.
|
