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KENTUCKY
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. |
| Posting date: 1/9/03, 2/28/03, 3/4/03 (addl. info),
5/22/03 (COP-XL info added) |
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 |
.0150 |
CL 0610 12 02 |
N/A |
| Artisans |
AP 0700 12 02 |
.0125 |
AP 0710 12 02 |
N/A |
| Businessowners |
BP 0750 12 02 |
.0150 |
BP 0760 12 02 |
N/A |
| Commercial Inland Marine (filed classes) |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Commercial Liability |
GL 0250 12 02 |
.0125 |
GL 0260 12 02 |
N/A |
| Commercial Output |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Commercial Output XL |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Commercial Properties |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Contractors & Developers Output |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Crime |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| Glass |
CL 0600 12 02 |
.0150 |
CL 0610 12 02 |
N/A |
| AAIS Effective Date: 1/8/03 |
| Filing Number(s): |
| (Endorsements) |
| Program |
AAIS Filing Number |
State Filing No. |
| Agricultural Output |
AAIS-2002-82AGF |
117117 |
| Artisans |
AAIS-2002-82APF |
117118 |
| Businessowners |
AAIS-2002-82BPF |
117119 |
| Commercial Inland Marine (filed classes) |
AAIS-2002-82CIMF |
117124 |
| Commercial Liability |
AAIS-2002-82CLF |
117122 |
| Commercial Output - XL |
AAIS-2002-82COPXLF |
117112 |
| Commercial Output |
AAIS-2002-82COPF |
117111 |
| Commercial Properties |
AAIS-2002-82CPF |
117113 |
| Contractors & Developers Output |
AAIS-2002-82DOPF |
117114 |
| Crime |
AAIS-2002-82CRF |
117116 |
| Glass |
AAIS-2002-82GSF |
117115 |
| (Rating Information) |
|
|
| Agricultural Output |
AAIS-2002-82AGR |
117184 |
| Artisans |
AAIS-2002-82APR |
117186 |
| Businessowners |
AAIS-2002-82BPR |
117185 |
| Commercial Inland Marine (filed classes) |
AAIS-2002-82CIMR |
117178 |
| Commercial Liability |
AAIS-2002-82CLR |
117189 |
| Commercial Output - XL |
AAIS-2002-82COPXLR |
117179 |
| Commercial Output |
AAIS-2002-82COPR |
117183 |
| Commercial Properties |
AAIS-2002-82CPR |
117182 |
| Contractors & Developers Output |
AAIS-2002-82DOPR |
117177 |
| Crime |
AAIS-2002-82CRR |
117181 |
| Glass |
AAIS-2002-82GSR |
117180 |
| 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
Not applicable in this state. |
| 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 NOT required to place them on file. |
| Separate Line Item Disclosure Endorsement (CL
0605 02 03) |
| Filing Numbers: |
| Program |
AAIS Filing No. |
State Filing No. |
| Agricultural Output |
AAIS-2003-3AGF |
118429 |
| Artisans |
AAIS-2003-3APF |
118428 |
| Businessowners |
AAIS-2003-3BPF |
118427 |
| Commercial Inland Marine (filed classes) |
AAIS-2003-3CIMF |
118426 |
| Commercial Liability |
AAIS-2003-3CLF |
118425 |
| Commercial Output |
AAIS-2003-3COPF |
118424 |
| Commercial Output - XL |
AAIS-2003-3COPXL |
118423 |
| Commercial Properties |
AAIS-2003-3CPF |
118422 |
| Contractors & Developers Output |
AAIS-2003-3DOPF |
118420 |
| Crime |
AAIS-2003-3CRF |
118421 |
| Glass |
AAIS-2003-3GSF |
118417 |
| 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: 1/8/03 |
| Filing Number(s): |
| Program |
AAIS Filing No. |
State Filing No. |
| Commercial Umbrella |
AAIS-2002-84CUP |
117104 |
| 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
Not applicable in this state. |
| Separate Line Item Disclosure Endorsement (CL 0605
02 03) |
| Filing Number(s): |
| Program |
AAIS Filing No. |
State Filing No. |
| Commercial Umbrella |
AAIS-2003-4CUP |
118414 |
| Effective Date: 2/11/03 |
| 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
Not applicable in this state. |
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: 2/28/03, 3/4/03 (addl. info), 4/29/03 (addl.
info), 5/22/03 (COP-XL info added) |
| 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 0630 12 02 |
CL 0650 12 02 |
| Artisans |
AP 0730 12 02 |
AP 0750 12 02 |
| Businessowners |
BP 0780 12 02 |
BP 0800 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 0630 12 02 |
CL 0650 12 02 |
| Commercial Output XL |
CL 0630 12 02 |
CL 0650 12 02 |
| Commercial Properties |
CL 0630 12 02 |
CL 0650 12 02 |
| Contractors & Developers Output |
CL 0630 12 02 |
CL 0650 12 02 |
| Crime |
CL 0630 12 02 |
CL 0650 12 02 |
| Farm Properties |
FL 0630 12 02 |
FL 0650 12 02 |
| Farmowners |
FO 0630 12 02 |
FO 0650 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 |
| Filing Number(s): |
| (Endorsements) |
| Program |
AAIS Filing Number |
State Filing No. |
| Agricultural Output |
AAIS-2002-83AGF |
118040 |
| Artisans |
AAIS-2002-83APF |
118042 |
| Businessowners |
AAIS-2002-83BPF |
118041 |
| Commercial Inland Marine (filed classes) |
AAIS-2002-83CIMF |
118036 |
| Commercial Liability |
AAIS-2002-83CLF |
118039 |
| Commercial Output |
AAIS-2002-83COPF |
118038 |
| Commercial Output - XL |
AAIS-2002-83COPXLF |
118033 |
| Commercial Properties |
AAIS-2002-83CPF |
118035 |
| Contractors & Developers Output |
AAIS-2002-83DOPF |
118037 |
| Crime |
AAIS-2002-83CRF |
118034 |
| Farm Properties |
AAIS-2002-83FPF |
118043 |
| Farmowners |
AAIS-2002-83FOF |
118030 |
| Glass |
AAIS-2002-83GSF |
118031 |
| Personal & Premises Liability (Farm Only) |
AAIS-2002-83PPLF |
118032 |
| (Rules) |
| Agricultural Output |
AAIS-2002-83AGR and
AAIS-2002-83AGR-1 |
118104 and
120518 |
| Artisans |
AAIS-2002-83APR and
AAIS-2002-83APR-1 |
118105 and
120519 |
| Businessowners |
AAIS-2002-83BPR and
AAIS-2002-83BPR-1 |
118106 and
120520 |
| Commercial Inland Marine (filed classes) |
AAIS-2002-83CIMR and
AAIS-2002-83CIMR-1 |
118109 and
120521 |
| Commercial Liability |
AAIS-2002-83CLR and
AAIS-2002-83CLR-1 |
118108 and
120522 |
| Commercial Output |
AAIS-2002-83COPR and
AAIS-2002-83COPR-1 |
118107 and
120523 |
| Commercial Output - XL |
AAIS-2002-83COPXLR and
AAIS-2002-83COPXLR-1 |
118102 and
120524 |
| Commercial Properties |
AAIS-2002-83CPR and
AAIS-2002-83CPR-1 |
118103 and
120525 |
| Contractors & Developers Output |
AAIS-2002-83DOPR and
AAIS-2002-83DOPR-1 |
118099 and
120530 |
| Crime |
AAIS-2002-83CRR and
AAIS-2002-83CRR-1 |
118100 and
120531 |
| Farm Properties |
AAIS-2002-83FPR and
AAIS-2002-83FPR-1 |
118111 and
120528 |
| Farmowners |
AAIS-2002-83FOR and
AAIS-2002-83FOR-1 |
118110 and
120529 |
| Glass |
AAIS-2002-83GSR and
AAIS-2002-83GSR-1 |
118101 and
120527 |
| Personal & Premises Liability (Farm Only) |
AAIS-2002-83PPLR and
AAIS-2002-83PPLR-1 |
118112 and
120526 |
| Company action: Companies that have granted AAIS
filing authority for forms and endorsements can adopt the endorsements without notifying
the insurance department. |
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. (See the Sample NSFP 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 |
| Filing Number(s): |
| (Endorsements) |
| Program |
AAIS Filing No. |
State File No. |
| Commercial Umbrella |
AAIS-2002-85CUP |
118015 |
| Farm Umbrella |
AAIS-2002-85FUP |
118014 |
| AAIS Advisory Effective Date: 4/1/03 |
| Company action: 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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