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IDAHO
Status report on compliance with the
Terrorism Risk Insurance Act of 2002
and related state regulatory policies

Regarding "certified" commercial 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.

IN FORCE BUSINESS - Use the endorsements and rating information shown below only when the insured accepts the offer of coverage for certified terrorism loss.
NEW AND RENEWAL BUSINESS 
Posting date: 12/27/02, 1/31/03 (addl. info)

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

.0075

CL 0620 12 02

.0026
Artisans

AP 0700 12 02

.0075

AP 0720 12 02

N/A
Businessowners

BP 0750 12 02

.0075

BP 0770 12 02

.0019
Commercial Inland Marine (filed classes)

CL 0600 12 02

.0075

CL 0610 12 02

N/A
Commercial Liability

GL 0250 12 02

.0075

GL 0260 12 02

N/A
Commercial Output

CL 0600 12 02

.0075

CL 0620 12 02

.0026
Commercial Output XL

CL 0600 12 02

.0075

CL 0620 12 02

.0026
Commercial Properties

CL 0600 12 02

.0075

CL 0620 12 02

.0026
Contractors & Developers Output

CL 0600 12 02

.0075

CL 0620 12 02

.0026
Crime

CL 0600 12 02

.0075

CL 0610 12 02

N/A
Glass

CL 0600 12 02

.0075

CL 0610 12 02

N/A
AAIS Effective Date: 12/27/02
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 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 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

State Filing No.: 143597

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: 12/27/02
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(s) 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: 3/18/03
Filings Submitted for Proposed Effective Date of: 4/1/03
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: 4/1/03
AAIS Filing Number(s): AAIS-2002-83
State Filing Number(s): 143807
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 manual supplement without notifying the insurance department if they intend to use it without change.

However, companies that choose to depart from the AAIS filed rules 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).
AAIS commercial lines advisory filings

AAIS endorsement number for excluding 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

UM 0350 12 02

UM 0360 12 02
AAIS Advisory Effective Date: 4/1/03
AAIS Filing Number(s): AAIS-2002-85
State Filing Number(s): 143740
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.


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