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WASHINGTON
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: 12/24/02, 1/28/03 (addl. info.),
2/7/03 (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 |
.0175 |
CL 0620 01 03** |
.0061 |
| Commercial Inland Marine (filed classes) |
CL 0600 12 02 |
.0175 |
CL 0610 01 03** |
N/A |
| Commercial Liability |
GL 0250 12 02 |
.0125 |
GL 0260 01 03** |
N/A |
| Commercial Output |
CL 0600 12 02 |
.0175 |
CL 0620 01 03** |
.0061 |
| Commercial Output XL |
CL 0600 12 02 |
.0175 |
CL 0620 01 03** |
.0061 |
| Contractors & Developers Output |
CL 0600 12 02 |
.0175 |
CL 0620 01 03** |
.0061 |
| Crime |
CL 0600 12 02 |
.0175 |
CL 0610 01 03** |
N/A |
| Glass |
CL 0600 12 02 |
.0175 |
CL 0610 01 03** |
N/A |
| Personal & Premises Liability (Farm Only) |
GL 0310 12 02 |
.0125 |
GL 0320 01 03** |
N/A |
| **Special Version of Endorsement Applies. Companies that
used the 12 02 endorsement editions to exclude loss caused by certified acts of terrorism
must replace those endorsements with the 01 03 editions, as of the policy effective date. |
| AAIS Effective Date: Endorsements - 12/23/02; Rating
Information Only - 11/26/02 |
| Programs |
| (Endorsements) |
AAIS Filing No. |
| Agricultural Output, Commercial Inland Marine, Commercial
Liability, Commercial Output, Commercial Output-XL, Contractors & Developers Output,
Crime, Glass, and Personal and Premises Liability Only |
AAIS-2002-82COM2F |
| Rating Information |
AAIS Filing No. |
| Agricultural Output, Commercial Inland Marine, Commercial
Liability, Commercial utput, Commercial Output-XL, Contractors & Developers Output,
Crime, Glass, and Personal and Premises Liability Only |
AAIS-2002-82COM2R |
|
| Company action: Endorsements (All programs shown
above)
Companies that have granted AAIS filing authority for forms and endorsements can
adopt the endorsements without notifying the insurance department. Companies that choose
not to adopt a filing must notify the insurance department as soon as possible.
Rating Information (All programs shown above)
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, including a decision not to adopt the rating information, must notify the
insurance department in writing as soon as possible.
Expedited Filing Transmittal
Not applicable in this state. Use normal filing procedures and insert the word
"TERRORISM" in the filing description area of the filing transmittal.
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. |
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 |
| Artisans |
AP 0700 12 02 |
.0125 |
AP 0720 01 03** |
N/A |
| Businessowners |
BP 0750 12 02 |
.0175 |
BP 0770 01 03** |
.0044 |
| Commercial Properties |
CL 0600 12 02 |
.0175 |
CL 0620 01 03** |
.0061 |
| Farm Properties |
FL 0600 12 02 |
No manual currently on file |
FL 0620 01 03** |
No manual currently on file |
| Farmowners |
FO 0600 12 02 |
No manual currently on file |
FO 0620 01 03** |
No manual currently on file |
| Commercial Umbrella |
UM 0755 12 02 |
Refer to company |
UM 0765 01 03** |
N/A |
| **Special Version of Endorsement Applies. Companies that
filed the 12 02 endorsement editions to exclude loss caused by certified acts of terrorism
must now submit the 01 03 editions as replacements. Any policies that were issued with the
12 02 exclusion endorsement editions must also be amended, as of the policy effective
date, to reflect the 01 03 endorsement editions. |
| AAIS Advisory Effective Date: 12/23/02 |
| AAIS Filing Number(s): (Advisory Endorsements -
AAIS-2002-82COM1F (Artisans, Businessowners, Commercial Properties,
Other Than Umbrella) Farmowners, and Farm Properties only)
(Advisory Rating
Information - Other Than AAIS-2002-82COM1R (Artisans, Businessowners, and Commercial
Properties only)
Umbrella)
(Umbrella Endorsements) AAIS-2002-84 (Commercial and Farm Umbrella only) |
| Company action: Endorsements (All Programs Referenced Above)
The endorsements for these lines of insurance have been filed with the Washington
Department of Insurance. However, AAIS cannot file on behalf of companies
in Washington and companies cannot adopt AAIS forms and endorsements by
reference. All companies must take independent filing action with the
Washington Department of Insurance within 30 days of the company's chosen effective date.
Rating Information (Artisans, Businessowners, and Commercial Properties Only)
The rating materials for these lines of insurance have been filed with the
Washington Department of Insurance. However, AAIS cannot file on behalf
of companies in Washington and companies cannot adopt AAIS manual rules
by reference. All companies must take independent filing action with the
Washington Department of Insurance within 30 days of the company's chosen effective date.
Rating Information (Commercial and Farm Umbrella only)
Companies must submit related rating information independently.
Expedited Filing Transmittal
Not applicable in this state. Use normal filing procedures and insert the word
"TERRORISM" in the filing description area of the filing transmittal.
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) Effective Date: 2/11/03 |
| Programs |
AAIS Filing No. |
| Agricultural Output, Commercial Inland Marine, Commercial
Liability, Commercial Output, Commercial Output-XL, Contractors & Developers Output,
Crime, Glass, and Personal and Premises Liability Only |
AAIS-2003-3COM1 |
| Artisans, Businessowners, Commercial Properties,
Farmowners, and Farm Properties |
AAIS-2003-3COM2 |
| Company Action |
| Agricultural Output, Commercial Inland Marine,
Commercial Liability, Commercial Output, Commercial Output-XL, Contractors &
Developers Output, Crime, Glass, and Personal and Premises Liability Only Affiliated
companies can adopt the endorsement, as filed, without taking any filing action. |
| Endorsements (Artisans, Businessowners, Commercial
Properties, Farmowners, Farm Properties, Commercial Umbrella, and Farm Umbrella) |
| 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.
| Posting date: 3/24/03, 3/25/03(addl. info) |
| 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 01 03** |
CL 0660 01 03** |
| Commercial Inland Marine (filed classes) |
CL 0630 01 03** |
CL 0650 01 03** |
| Commercial Liability |
GL 0270 01 03** |
GL 0280 01 03** |
| Commercial Output |
CL 0640 01 03** |
CL 0660 01 03** |
| Commercial Output XL |
CL 0640 01 03** |
CL 0660 01 03** |
| Contractors & Developers Output |
CL 0640 01 03** |
CL 0660 01 03** |
| Crime |
CL 0630 01 03** |
CL 0650 01 03** |
| Glass |
CL 0630 01 03** |
CL 0650 01 03** |
| Personal & Premises Liability (Farm Only) |
GL 0330 01 03** |
GL 0340 01 03** |
| ** Special Version of Endorsement Applies |
| AAIS Effective Date: 6/1/03 |
| AAIS Filing Number(s): AAIS-2002-83COM2F |
| Company action: Endorsements (All programs shown
above)
Companies that have granted AAIS filing authority for forms and endorsements
can adopt the endorsements without notifying the insurance department.
Rules (All programs shown above)
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 |
| Artisans |
AP 0740 01 03** |
AP 0760 01 03** |
| Businessowners |
BP 0790 01 03** |
BP 0810 01 03** |
| Commercial Properties |
CL 0640 01 03** |
CL 0660 01 03** |
| Farm Properties |
FL 0640 01 03** |
FL 0660 01 03** |
| Farmowners |
FO 0640 01 03** |
FO 0660 01 03** |
| Commercial Umbrella |
UM 0775 01 03** |
UM 0785 01 03** |
| Farm Umbrella |
UM 0350 01 03** |
UM 0360 01 03** |
| ** Special Version of Endorsement Applies |
| AAIS Advisory Effective Date: 4/1/03 |
| Programs |
| (Endorsements) |
AAIS Filing No. |
| Artisans, Businessowners, Commercial
Properties, Farmowners, and Farm Properties |
AAIS-2002-83COM1F |
| Commercial and Farm Umbrella |
AAIS-2002-85 |
| (Rules) |
AAIS Filing No. |
| Artisans, Businessowners, Commercial
Properties, Farmowners, and Farm Properties |
AAIS-2002-83COM1R |
| Company action: Endorsements (Artisans, Businessowners,
Commercial Properties, Farmowners, Farm Properties, Commercial Umbrella, and Farm
Umbrella)
The endorsements for these lines of insurance have been filed with the
Washington Department of Insurance. However, AAIS cannot file on behalf of
companies in Washington and companies cannot adopt AAIS forms and endorsements by
reference. All companies must take independent filing action with the Washington
Department of Insurance within 30 days of the company's chosen effective date.
Rules (Artisans, Businessowners, Commercial Properties, Farmowners, and Farm
Properties)
The rules for these lines of insurance have been filed with the Washington
Department of Insurance. However, AAIS cannot file on behalf of companies in
Washington and companies cannot adopt AAIS manual rules by reference. All companies
must take independent filing action with the Washington Department of Insurance
within 30 days of the company's chosen effective date. |
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