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AAIS offers a range of Commercial Monoline programs that provide forms, rules, and rating information that are consistent with industry standards. For all of these programs, coverage is provided through booklet-style forms that can be written as monolines or packaged with other industry forms. AAIS staff can work with companies to develop plans to convert to these programs.
The programs listed below have all the endorsements and rating information needed to comply with the federal Terrorism
Risk Insurance Act of 2002, including materials to comply in those states that require coverage for fire loss in accordance with the Standard Fire Policy.
Commercial Liability
Program
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Features five basic forms: commercial liability, broad form commercial liability, owners and contractors protective, premises only, and farm premises and operations
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Exclusion for "known injury or damage" available to shield insurers from "continuous trigger" claims inspired by the Montrose ruling
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Endorsements available to limit or exclude coverage for claims arising from construction defects, mold, and synthetic stucco, which are inter-related causes of action
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Separate option for writing employee benefits liability coverage (with a claims-made trigger)
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Countrywide manual provides inflation-sensitive rating bases, such as sales receipts, plus a countrywide classification table
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Provides state-specific premises/operations and products/completed work rating information organized by a five-digit class code
Commercial Properties Program
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Provides standard industry coverages in a simplified policy structure
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Offers class rating for a wide variety of risks
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Provides detailed manual rules with explicit rating instructions
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Includes manual lists of statistical codes for risks that are specifically rated
Crime Program
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Includes several coverage parts that can be packaged together or written separately:
--A single form providing combined coverage for money/securities, burglary/robbery, and employee dishonesty
--Separate forms for providing coverage for securities, burglary/robbery, limited burglary/robbery and employee dishonesty
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Separate forms for providing coverage for computer fraud and premises' liability for guests' property
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Includes special coverage part designed for theft loss to churches
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A form that provides coverage for loss arising from the acceptance in good faith of counterfeit currency; altered, forged, counterfeit, or stolen money orders; or travelers checks that are not paid upon presentation
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A form providing coverage for specified types of losses arising from forgeries and alterations related to the insured's own accounts, instruments, and credit/debit cards
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New rating information, in addition to the loss costs, for expanded employee dishonesty limits
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A sample crime coverage declarations page, filed on an advisory basis
Commercial Inland Marine Program
See the program description under "Inland Marine and Output"
Glass Program
Combination Policy (manual only)
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Concise manual rules and premium modification factors for packaging monoline coverage parts
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Helps users package AAIS forms with other industry forms
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Provides package modifiers that apply to both property and liability coverages
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Includes IRPM factors
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