| Date: June 12, 2003 |
Bulletin Number: |
03-0215 |
| Line(s) of
Insurance: |
Agricultural Output
Artisans
Businessowners
Commercial Inland
Marine
Commercial Liability
Commercial Output
|
Commercial Output -
XL
Commercial Properties
Contractors &
Developers Output
Crime
Farm Properties
Farmowners
|
Glass
Personal & Premises
Liability |
**This
bulletin and its attachments have been made available at the AAIS open Web site:
AAISonline.com. This bulletin will not be distributed in a paper format.**
MINNESOTA
NON-CERTIFIED TERRORISM ENDORSEMENT & SUPPLEMENT CHANGES APPROVED
Reference Bulletin 03-0162
The non-certified terrorism
endorsement and manual supplement changes described in Reference Bulletin 03-0162 have
been approved in Minnesota with an effective date of July 1, 2003.
BACKGROUND
On May 2, 2003, in Reference Bulletin 03-0162, we
indicated that terrorism exclusion endorsements and manual supplement pages that do not
contain a fire exception had been filed in response to the enactment of House File 267.
Refer to the following web site address for a complete copy of House File 267: http://www.revisor.leg.state.mn.us/cgi-bin/getbill.pl?number=HF0267&session=ls83&
version =latest&session_number=0&session_year=2003.
Although
replacement of the applicable portions of both our certified and non-certified terrorism
materials were made, in accordance with the "File-and-Use" provisions of the
Terrorism Risk Insurance Act of 2002, companies were reminded to limit their July 1, 2003 implementation to only the certified
materials, until notice of the insurance department's approval of the non-certified
terrorism materials was provided by AAIS. This bulletin is being issued to advise
companies that insurance department approval of the non-certified terrorism materials has
now been received, and that such materials may be implemented accordingly, effective July 1, 2003.
CHANGES
During the
course of the review of our filing, a change to our manual supplement which had not been
anticipated in Reference Bulletin 03-0162, and which is unrelated to standard fire policy
provisions, was required. Specifically, the insurance department asked that the multistate
Interstate Accounts rule shown on manual supplement page Rules -- 8 be replaced with a state-specific
version of this rule. A copy of the amended rule is included in the manual supplement
attached to this bulletin.
FILING NUMBERS
Program |
AAIS Filing
Number |
State Filing
Number |
Agricultural Output,
Commercial Output, Commercial Output XL, and Contractors & Developers Output |
AAIS-2003-16OUTN |
2302979 |
Artisans and
Businessowners |
AAIS-2003-16PKGN |
2302977 |
Commercial Inland
Marine (Filed Classes) |
AAIS-2003-16CIMN |
2302984 |
Commercial Liability |
AAIS-2003-16CLN |
2302985 |
Commercial Properties |
AAIS-2003-16CPN |
2302978 |
Crime |
AAIS-2003-16CRN |
2302986 |
Farm Properties |
AAIS-2003-16FPN |
2302980 |
Farmowners |
AAIS-2003-16FON |
2302981 |
Glass |
AAIS-2003-16GSN |
2302983 |
Personal & Premises
Liability (Farm Only) |
AAIS-2003-16PPLN |
2302982 |
COMPANY ACTION
All programs
except Farmowners and Farm Properties
Endorsements and Rules
Under Minnesota Rules Part
2700.2470, companies that have granted AAIS filing authority for forms and/or manual rules
for a line of insurance can adopt the filing referenced in this bulletin without notifying
the insurance department. Companies that choose not to adopt the filing, to deviate from
the approved filing, or that choose a different effective date must make an internal
(drawer) filing.
Farmowners and Farm Properties only
Endorsements and Rules
Companies that have granted AAIS
filing authority for forms and/or manual rules for a line of insurance can adopt the
filing referenced in this bulletin without notifying the insurance department. Companies
that choose not to adopt the filing, to deviate from the approved filing, or that choose a
different effective date must notify the Insurance Department in writing before the
effective date designated by AAIS.
SUPPLIES
The forms and endorsements filed for use in
this state have been released to CCH Insurance Services Inc. (CCH), the print vendor for AAIS forms and
endorsements. Call CCH at (800) 382-2424 to order forms and endorsements in paper printed
format. Call CCH at 800-782-9481 to order the text of AAIS forms in a variety of
electronic formats.
AAIS also offers the text of forms and
endorsements in limited electronic formats. Call Veronica Clarke at 800/564-AAIS for more
information.
ATTACHMENT
-- Amended
Minnesota Terrorism Loss Rules and Rating Information Page Supplement (Rev 1.1)
Direct Questions to:
Edie Gardner, CPCU
Product Development Specialist
edieg@AAISonline.com
Copyright, American Association of Insurance Services, Inc., 2003
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