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WASHINGTON
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: Washington |
Posting date:4/1/03, 1/22/04 |
| |
Ed date/
Rev # |
Program |
AAIS effective date |
AAIS
filing # |
Insurance dept. filing #, if any |
| End't |
03 03 |
DP |
4/28/03 |
AAIS-2003-11DPF |
|
| |
|
PPL |
4/28/03 |
AAIS-2003-11PPLF |
|
| Rules |
1.0 |
DP |
4/28/03 |
AAIS-2003-11DPR |
|
| |
|
PPL |
4/28/03 |
AAIS-2003-11PPLR |
|
| Special company action: For the Dwelling Properties program
only, with respect to both the endorsement and the manual supplement, companies are
obligated to take independent filing action. All companies must take such action with the
Washington Insurance Department before the company-chosen effective date. With respect to
the endorsement, AAIS cannot file on behalf of companies, nor can companies adopt AAIS
forms and endorsements by reference. |
| Comments: With respect to rules, at the present time, AAIS
does not make available advisory Dwelling Property rules or rating information for the
state of Washington. Therefore, with respect to the Dwelling Properties program, no manual
supplement has been submitted to the Washington Insurance Department. |
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