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TEXAS
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: Texas |
Posting date: 4/1/03 |
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Ed date/
Rev # |
Program |
AAIS effective date |
AAIS
filing # |
Insurance dept. filing #, if any |
| End't |
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DP |
No program available |
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PPL |
No program available |
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| Rules |
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DP |
No program available |
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PPL |
No program available |
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| Special company action: For both the Dwelling Properties
and Personal & Premises Liability programs, 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
or Personal & Premises Liability forms, rules, or rating information for this state.
Therefore, no materials have been submitted to the Texas Department of Insurance. |
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