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.

NEW AND RENEWAL BUSINESS 
Posting date: 12/11/03, 6/7/04

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 
Farm Properties FL 0600 01 04 .0175 FL 0620 03 04*

.0061
Farmowners FO 0600 01 04 .0175 FO 0620 03 04*

.0044
Personal & Premises Liability (Farm Only) GL 0310 01 04 .0125 GL 0320 03 04*

N/A
AAIS Effective Date: 1/1/04
AAIS Filing Number(s):

Endorsements

 

Farm Properties & Farmowners

 AAIS-2003-62F

Personal & Premises Liability

 AAIS-2003-62PPLF

Rating Information

 

Personal & Premises Liability

 AAIS-2003-62PPLR

Company action:

Endorsements (Farm Properties and Farmowners)
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.

Endorsements (Personal & Premises Liability)
Companies that have granted AAIS filing authority for forms and endorsements can adopt the endorsements without notifying the insurance department.

Rating Information (Farm Properties and Farmowners)
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 (Personal & Premises Liability)
Companies that have granted AAIS filing authority for rating information can adopt the 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.

*Special version applies.

Separate Line Item Disclosure Endorsement: (CL 0605 02 03)

 

AAIS File No.

Program

 

Personal and Premises Liability Only

  AAIS-2003-3COM1

Farmowners and Farm Properties

  AAIS-2003-3COM2

Effective Date: 2/11/03

Company Action:

Personal and Premises Liability Only

Affiliated companies can adopt the endorsement, as filed, without taking any filing action.

Farmowners and Farm Properties

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.
Posting date: 11/12/03, 6/7/04      

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 
Farm Umbrella

UM 0330 01 04

Refer to company

UM 0340 03 04*

N/A
AAIS Advisory Effective Date: 1/1/04
AAIS Filing Number(s): AAIS-2003-57  
Company action: Each company that wishes to adopt the 01 04 Farm Umbrella endorsements must do so by establishing an effective date and notifying the Insurance Department in writing.

AAIS does not develop rating information for the Farm Umbrella program. Companies must make a filing of any rating information that they independently develop.
*Special state-specific version applies.

Separate Line Item Disclosure Endorsement (CL 0605 02 03)

AAIS Filing No.: AAIS-2003-3COM2

Effective Date: 2/11/03

Company Action:

Affiliated companies can adopt the endorsement by establishing an effective date and notifying the insurance department in writing. Refer to the applicable Filing Number when corresponding with the Department.

 

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