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HAWAII
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: Hawaii |
Posting date: 3/31/03 |
| |
Ed date/
Rev # |
Program |
AAIS effective date |
AAIS
filing # |
Insurance dept. filing #, if any |
| End't |
03 03 |
DP |
No program on file. |
|
|
| |
|
PPL |
4/1/03 |
AAIS-2003-11 |
|
| Rules |
1.0 |
DP |
No program on file |
|
|
| |
|
PPL |
4/1/03 |
AAIS-2003-11 |
|
| Special company action: For the Personal & Premises
Liability program, with respect to rules, companies can satisfy their obligation to file
rules by referencing the AAIS filing and indicating their effective date. Companies must
take filing action by October 1, 2003. For the Dwelling Properties program only, companies
are obligated to take independent filing action with respect to both the endorsement and
the manual supplement. |
| Comments: AAIS does not make available Dwelling Properties
forms, rules, or rating information for the state of Hawaii. Therefore, no Dwelling
Properties materials have been submitted to the Hawaii Insurance Department. |
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