AAIS Product Advisory - January 24, 2003 AM

Status of Certified Terrorism Loss Filings
AAIS endorsements and rating information that can be used when coverage is provided for loss caused by a certified act of terrorism have been filed in Florida, on a file and use basis. The endorsement numbers and corresponding rating factors have been posted on the AAIS open Web site at http://www.aaisonline.com/terror/StateAction.htm.

Florida has not previously approved terrorism exclusions. Accordingly, the endorsements that cover loss caused by certified acts of terrorism are intended for use with new, renewal, and in-force policies, but the rating factors should be used only with new and renewal policies.

AAIS endorsements that can be used to exclude coverage for loss caused by certified acts of terrorism when the insured declines the offer of coverage have been filed in Florida on a prior approval basis. Information regarding the use of such endorsements will not be posted to the Web site until state approval has been received.

---------------------------------------------------------------------------------------------------------
AAIS helps more than 600 property/casualty insurers compete in their markets by providing cost-effective technical services, including forms and manuals, and product development, actuarial, statistical, filing, and software support.
---------------------------------------------------------------------------------------------------------

Companies that do not currently use an AAIS program referenced here can request additional information from Rick Anderer at Richarda@aaisonline.com or 800/564-AAIS x222.

To subscribe to AAIS Product Advisory, go to www.AAISinfo.com. To unsubscribe or change your e-mail subscription, contact Pat Peters at Patp@aaisonline.com or 800/564-AAIS x289.

Contact Product Advisory at info@AAISonline.com.

-------------------------------------------------------------------------------------------

 

 


Top

 

Product Advisory
Contacts

To subscribe to AAIS Product Advisory, go to www.AAISinfo.com

To unsubscribe or change your e-mail subscription, contact Pat Peters at PatP@AAISonline.com or 800/564-AAIS x289.

Contact Product Advisory at info@AAISonline.com.