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LOUISIANA
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, 1/13/03 (addl. info), 1/31/03
(addl. info), 3/13/03 (rev. endrsmnts), 5/2/03 and 5/27/03 (State File No. added), 9/25/03
(endorsement numbers revised), 10/8/03 (State File No. 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) |
| Agricultural Output |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Artisans |
AP 0700 05 03* |
No Manual on File |
AP 0710 05 03* |
| Businessowners |
BP 0750 05 03* |
No Manual on File |
BP 0760 05 03* |
| Commercial Inland Marine (filed classes) |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Commercial Liability |
GL 0250 05 03* |
.0150 |
GL 0260 05 03* |
| Commercial Output |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Commercial Output XL |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Commercial Properties |
CL 0600 05 03* |
No Manual on File |
CL 0610 05 03* |
| Contractors & Developers Output |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Crime |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Farm Properties |
FL 0600 05 03* |
No Manual on File |
FL 0620 05 03* |
| Farmowners |
No Program Currently On File |
| Glass |
CL 0600 05 03* |
.0125 |
CL 0610 05 03* |
| Personal & Premises Liability (Farm Only) |
GL 0310 05 03* |
.0150 |
GL 0320 05 03* |
| *Special version of endorsement applies. |
| AAIS Effective Date: 2/14/03 (Coverage endorsements and CL, CR,
FP, GS, & PPL exclusions); 11/15/03 (all other) |
| Rating Information Filing Number(s): AAIS-2002-82R and LIRC
Agenda 7b28 - 2003 January 15 10a.m. - 11867 (Coverage endorsements and CL, CR, FP, GS,
& PPL exclusions) and AAIS-2003-16RC and LIRC Agenda 7b4 - September 17, 2003 - 10
a.m. - 14549 (all other) |
| Program |
AAIS Filing No. |
State File No. |
| Agricultural Output |
AAIS-2003-16AGFC |
2035094 |
| Artisans |
AAIS-2003-16APFC |
2035072 |
| Businessowners |
AAIS-2003-16BPFC |
2035073 |
| Commercial Inland Marine (Filed Classes) |
AAIS-2003-16CIMFC |
2035090 |
| Commercial Liability |
AAIS-2002-82CLF |
2032649 |
| Commercial Output |
AAIS-2003-16COPFC |
2035087 |
| Commercial Output XL |
AAIS-2003-16CXLFC |
2035076 |
| Commercial Properties |
AAIS-2003-16CPFC |
2035080 |
| Contractors & Developers Output |
AAIS-2003-16DOPFC |
2035086 |
| Crime |
AAIS-2002-82CRF |
2032660 |
| Farm Properties |
AAIS-2002-82FPF |
2032650 |
| Glass |
AAIS-2002-82GSF |
2032661 |
| Personal & Premises Liability (Farm Only) |
AAIS-2002-82PPLF |
2032651 |
| Company action: Endorsements
Companies that have granted AAIS filing authority for forms and endorsements
can adopt the endorsements by notifying the insurance department in writing of their
intent and including the necessary filing fees. Companies that choose not to adopt a
filing must also notify the insurance department as soon as possible and include the
appropriate filing fees.
Rules and Rating Information
Companies that have granted AAIS filing authority for rules and rating
information can adopt the revised supplement pages without notifying the insurance
department if they intend to use it without change.
However, companies that choose to depart from the AAIS filed pages must notify the
insurance department in writing as soon as possible.
Companies that choose not to adopt the supplement changes are not required to notify
the insurance department.
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.: 2030997
Effective Date: 2/11/03
Company Action: Companies that have granted AAIS filing authority for forms and
endorsements can adopt the endorsements by notifying the insurance department in writing
of their intent and including the necessary filing fees. Companies that choose not to
adopt a filing must also notify the insurance department as soon as possible and include
the appropriate filing fees.
|
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 05 03* |
Refer to company |
UM 0765 05 03* |
N/A |
| Farm Umbrella |
No Program Currently On File |
| *Special version of endorsement applies. |
| AAIS Advisory Effective Date: 2/14/03 |
| AAIS Filing Number(s): AAIS-2002-84-1 |
| State File Number: 2031207 |
| 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-2003-4CUP
State Filing No.: 2030998
Effective Date: 2/11/03
Company Action: Affiliated companies can adopt the endorsement by establishing
an effective date, notifying the insurance department in writing of their intent, and
including the necessary filing fees. 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.
| Posting date: 3/13/03, 3/18/03 (addl. info), 5/27/03
(addl. info), 9/25/03 (endorsement numbers revised), 10/8/03 (addl info.) |
| 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 0640 12 02 |
FL 0660 12 02 |
| 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: 4/1/03 (CL, CR, FP, GS, &
PPL endorsements only); 11/15/03 (all other) |
| Rule Filing Number(s): AAIS-2003-16RN and 7b5 -
September 17, 2003 - 10 a.m. - 14555 |
| Program |
AAIS Filing No. |
State File No. |
| Agricultural Output |
AAIS-2003-16AGFN |
2035103 |
| Artisans |
AAIS-2003-16APFN |
2035105 |
| Businessowners |
AAIS-2003-16BPFN |
2035104 |
| Commercial Inland Marine (Filed Classes) |
AAIS-2003-16CIMFN |
2035096 |
| Commercial Liability |
AAIS-2002-83F |
2030808 |
| Commercial Output |
AAIS-2003-16COPFN |
2035093 |
| Commercial Output XL |
AAIS-2003-16CXLFN |
2035092 |
| Commercial Properties |
AAIS-2003-16CPFN |
2035099 |
| Contractors & Developers Output |
AAIS-2003-16DOPFN |
2035098 |
| Crime |
AAIS-2002-83F |
2030808 |
| Farm Properties |
AAIS-2002-83F |
2030808 |
| Glass |
AAIS-2002-83F |
2030808 |
| Personal & Premises Liability (Farm Only) |
AAIS-2002-83F |
2030808 |
| Company action: Endorsements
Companies that have granted AAIS filing authority for forms and endorsements
can adopt the endorsements by notifying the insurance department in writing of their
intent and including the necessary filing fees. Companies that choose not to adopt a
filing must also notify the insurance department as soon as possible and include the
appropriate filing fees.
Rules Supplement
Companies that have granted AAIS filing authority for rules can adopt the revised
supplement pages without notifying the insurance department if they intend to use it
without change.
However, companies that choose to depart from the AAIS filed pages must
notify the insurance department in writing as soon as possible.
Companies that choose not to adopt the supplement changes are not required to notify
the insurance department.
|
| 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 |
No Program Currently On File |
| AAIS Advisory Effective Date: 4/1/03 |
| AAIS Filing Number(s): AAIS-2002-85 |
| State Filing Number(s): 2030811 |
| 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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