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WYOMING
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: Wyoming Posting date: 4/1/03
 

Ed date/

Rev #

Program

AAIS effective date

AAIS

filing #

Insurance dept. filing #, if any
End't

03 03

 DP

4/1/03

AAIS-2003-11

  
    PPL

4/1/03

AAIS-2003-11

  
Rules

1.0

 DP

4/1/03

Filing not required

  
    PPL

4/1/03

Filing not required

  
Special company action:
Comments: Rules are not required to be filed in this state. Therefore, AAIS has not filed the manual supplement in this state. Companies are not required to notify the insurance department regarding their use of the supplement, however, AAIS recommends that companies keep documentation as to the date upon which they begin using it.


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